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Fly News Breaks for August 24, 2015
BAC
Aug 24, 2015 | 06:58 EDT
Keefe Bruyette analysts Christopher Mutascio and Daniel Coffman upgraded Bank of America to Outperform from Market Perform, citing valuation after the shares have fallen 10% year-to-date and are 13% off their peak on July 22. The analysts note they has been waiting for a pullback in the stock and now see "solid potential upside" in shares given their $20 price target.