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How Social Distancing Is Driving Cannabis Demand
Thursday, March 19, 2020 - 5:50pm | 341Read More...Cannabis demand is on the rise amid the COVID-19 outbreak. That's according to a new report, released Thursday by the investment division of Bank of America. The demand acceleration promoted by social distancing of the coronavirus pandemic has not yet reflected on stock prices, according to...
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Bank Of America Cuts Cognizant's Price Target From $66 To $48
Tuesday, November 22, 2016 - 1:59pm | 283Read More...Bank of America Merrill Lynch downgraded Cognizant Technology Solutions Corp (NASDAQ: CTSH) to Underperform from Buy, citing risks around potential changes to the H-1B visa program and a slower growth profile. Analyst David Ridley-Lane noted that negative sentiment over H-1B visas remains the...
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Avoid Credit Card Stocks? BofA Downgrades Visa, Mastercard, Capital One And Discover
Thursday, February 11, 2016 - 11:12am | 347Read More...In a new report, Bank of America analyst Kenneth Bruce has downgraded Visa Inc (NYSE: V), Mastercard Inc (NYSE: MA), Capital One Financial Corp. (NYSE: COF) and Discover Financial Services (NYSE: DFS) from Buy to Neutral due to the uncertain earnings outlook in the U.S. According to Bruce, each...
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Self-Storage REITs Might Be The Way To Play, Says BofA
Friday, August 21, 2015 - 8:20am | 286Read More...Self-storage REITs reported sector-leading SS NOI growth in the second quarter of the year, even above already high expectations. With peak occupancies across the industry driving greater pricing power, Bank of America Merrill Lynch analysts Jana Galan, Jeffrey Spector and Camille Tan...
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Bank Of America Previews Groupon's Q2; Reiterates Buy Rating But Trims Price Target
Tuesday, August 4, 2015 - 1:15pm | 271Read More...Groupon Inc (NASDAQ: GRPN) is scheduled to announce its second-quarter financial results before the market opens on Friday. In a report issued Monday, Bank of America Merrill Lynch analysts Paul Bieber and Justin Post previewed the results, which they expect to be in-line with their estimates and...
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Why Bank Of America Now Thinks Virgin America Is A Buy
Tuesday, August 4, 2015 - 1:11pm | 301Read More...In a report issued Tuesday, Bank of America Merrill Lynch analyst Andrew G. Didora upgraded his rating on Virgin America Inc (NASDAQ: VA) from Underperform to Buy and raised his price target from $32.00 to $41.00 on robust revenue outperformance. According to the note, the company has...
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Citrix Continues To Rise After Multiple Wall Street Firms Upgrade Stock
Friday, June 12, 2015 - 10:17am | 194Read More...Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. Citrix Systems, Inc. (NASDAQ: CTXS) traded up on Thursday, and shares have risen nearly 3 percent on Friday morning. The catalyst behind the rally is a letter sent to the Board of Directors by...
