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Fly News Breaks for August 25, 2015
BAC
Aug 25, 2015 | 12:25 EDT
As previously reported, UBS analyst Brennan Hawken upgraded Bank of America to Buy from Neutral and raised his price target on the bank's stock to $20 from $18, stating that its shares look cheap and that improving loan growth could add upside to the firm's forecasts. The analyst, who thinks BofA's more stable funding base and leverage to the domestic market should help the stock outperform, is the fourth to upgrade the stock today and the fifth to raise his rating on BofA shares in the last two days.
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