BofA, Morgan Stanley get rare upgrades in season of pessimism

BANK OF AMERICA's stock was upgraded to buy by UBS AG, bucking recent trends and recommendations on bank stock investment. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
BANK OF AMERICA's stock was upgraded to buy by UBS AG, bucking recent trends and recommendations on bank stock investment. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
NEW YORK - Analysts haven’t shown a lot of love to bank stocks lately, but a few calls are swimming against the tide. UBS AG upgraded Bank of America Corp. to buy, and is recommending adding exposure to large-cap bank shares as sentiment on stocks “has come full circle” after a dismal 2018, Saul Martinez…

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