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Fly News Breaks for April 15, 2016
BAC
Apr 15, 2016 | 07:37 EDT
Oppenheimer analyst Chris Kotowski believes Bank of America's stock is "significantly undervalued," and is cheered by the company's Q1 results. The stock remains down 16% year to date on overblown credit fears, the analyst tells investors in a research note, adding that he expects this deficit to be recouped as credit quality will likely remain "very strong." Kotowski reiterates an Outperform rating and raised his price target on the shares to $20 from $19.
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