FBR Capital Upgrades Bank of America To Outperform

Analysts at FBR Capital upgraded Bank of America

from Market Perform to Outperform. The price target for Bank of America has been raised from $18.00 to $20.00. Bank of America shares have gained 7.50% over the past 52 weeks, while the S&P 500 index has surged 7.46% in the same period. Bank of America shares dropped 2.03% to $15.44 in pre-market trading.