The Latest Breaking News from BofA

KeyBanc Remains Upbeat On Apple Citing iPhone SE 3; BofA, Piper Sandler See Limited Impact From China Lockdown

KeyBanc's Key First Look Data suggested that Apple Inc (NASDAQ: AAPL) tracked slightly better than historical seasonality. The indexed spending was down (9)% month-on-month in February, beating the 3-year average decline of (13)%.

Benzinga · Mar 14, 2022

BofA Turns Bullish On XPO Logistics, Chart Industries

BofA upgraded four industrial sector companies.

Benzinga · Mar 11, 2022

Analysts Slash Their PTs On Oracle As They Did Not Buy Its Growth Story

Analysts slashed their price targets on Oracle Corp (NYSE:ORCL) post Q3 results. Piper Sandler analyst Brent Bracelin downgraded to Underweight from Neutral with a PT of $70 (8.7% downside), down from $100.  Bracelin found it challenging to reach double-digit organic growth next year, sustaining a cloud shift considering more than 70% of revenue came from the…

Benzinga · Mar 11, 2022

BofA Adds Disney To US-1 List: Why This Investor Says The Stock Is Headed To $200

The Walt Disney Co (NYSE: DIS) was featured as the call of the day Monday on CNBC's "Fast Money Halftime Report." What Happened: BofA added Disney to its US-1 list with a Buy rating and a $191 price target. 

Benzinga · Feb 14, 2022

Here's Why BofA Calls Roblox 'Category Leader' In The Emerging Metaverse Media Category

BofA analyst Omar Dessouky reinstated coverage of Roblox Corp (NYSE:RBLX) with a Buy rating and $84 price target, calling the company the "category leader" in the emerging "Metaverse" media category. The price target implies an upside of 20.8%. Roblox has no "old media" businesses to cannibalize and invests 100% of its resources exclusively towards leadership…

Benzinga · Feb 14, 2022

PreMarket Prep Stock Of The Day: Bank Of America

While the S&P 500 index futures were retreating off Tuesday’s open, one sector was going in the opposite direction: banking. One issue that has revisited its multiyear highs is Bank of America Corp (NYSE: BAC),  the PreMarket Prep Stock of the Day.

Benzinga · Feb 8, 2022

Why Are Mantech International Shares Soaring Today?

BofA analyst Mariana Perez Mora double upgraded Mantech International Corp (NASDAQ:MANT) to Buy from Underperform and raised the price target to $90, from $75. The company's co-founder George Pedersen is exploring options for his controlling stake, which includes a sale of the U.S. defense contractor, with a market value of more than $3 billion, reported Reuters. The…

Benzinga · Feb 4, 2022

Analysts Cut Pinterest Price Target Post Q4 Results

Analysts mainly slashed their price targets on Pinterest Inc (NYSE:PINS) post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7% upside) and kept a Neutral rating on the shares.  While the company reported better than expected revenue and adjusted EBITDA, users are "still under pressure," said Post, who…

Benzinga · Feb 4, 2022

BofA Remains Bullish On Apple; Sees Sharp Upside

BofA analyst Wamsi Mohan noted that he expects a "strong" quarter for Apple Inc (NASDAQ: AAPL) on an improved supply of higher-end phones, including the iPhone 13 series. Apple is scheduled to report its Q1 results on January 27, 2022.

Benzinga · Jan 26, 2022

BofA Downgrades WestRock, Cuts Price Target By 5%

BofA analyst George Staphos downgraded WestRock Co (NYSE:WRK) to Neutral from Buy with a price target of $57, down from $60.  The analyst noted containerboard business still has merits, and despite some recent deceleration, his survey data remained positive in the first half of 2021. Staphos noted the early response from his latest survey suggests…

Benzinga · Jan 20, 2022