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Fly News Breaks for January 29, 2016
BAC
Jan 29, 2016 | 08:21 EDT
CLSA analyst Mike Mayo upgraded Bank of America two notches to Outperform from Sell and increased his price target to $16 from $15 on shares. Mayo is more positive on large U.S. banks, saying their stocks are at "recession prices" without a recession, and said Bank of America is more resilient and could grow book value even in a recession. The analyst, who thinks BofA's book value is relatively clean, said the stock could become event-driven, given "lousy efficiency" and a valuation 20% below estimated Q4 tangible book value.
News For BAC;BAC From the Last 2 Days
BAC
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
BAC
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
BAC
Mar 28, 2024 | 04:56 EDT
HSBC analyst Saul Martinez downgraded Bank of America to Hold from Buy with a price target of $39, up from $38. While there is a lot to like about Bank of America, its shares have risen 37% in the past six months, leaving limited implied upside potential, the analyst tells investors in a research note.