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…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -