BofA Securities

As analysts and economists take stock of the degree of damage the COVID-19 pandemic is likely to inflict on the economy, an economist at BofA Securities said the ensuing recession is poised to "take the crown." Record Recession Forecasted The recession resulting from the pandemic is...

Cronos Group Inc. (NASDAQ: CRON) released fourth quarter and full-year 2019 financial results Monday, posting net revenue of $7.3 million versus $4.28 million in the same quarter of 2018. The increase in revenue contained a non-cash gain of $118.8 million connected with the $1.8-...

Following the sharp downturn in First Solar, Inc (NASDAQ: FSLR) amid the broader market sell-off due to coronavirus (COVID-19) impact concerns, the stock seems fairly valued at current levels, according to BofA Securities. The First Solar Analyst Julien Dumoulin-Smith upgraded First...

Amazon.com, Inc. (NASDAQ: AMZN) is poised to gain from the coronavirus pandemic, although its margins could remain under pressure, according to BofA Securities. The Amazon Analyst Justin Post maintained a Buy rating on Amazon with an unchanged $2,480 price target.  The Amazon Thesis...

While Caterpillar Inc. (NYSE: CAT) has a strong balance sheet and a dividend yield of nearly 4%, these are not enough in the current scenario, according to BofA Securities. The Caterpillar Analyst Ross Gilardi downgraded Caterpillar from Buy to Neutral, while reducing the price target from $...

While JPMorgan Chase & Co’s (NYSE: JPM) revenue power is likely to remain best-in-class, the company is rate-sensitive and the Federal Reserve’s rate cuts will hurt performance even if the balance sheet continues to grow, according to BofA Securities. The JPMorgan Analyst Erika...

Although there is overall macro risk due to a coronavirus-led slowdown in global economic growth, Micron Technology, Inc. (NASDAQ: MU) faces new growth opportunities with rising demand for datacenter chips as more companies transition to the remote workplace model, according to BofA Securities. The...

Twitter Inc (NYSE: TWTR) withdrew its first-quarter guidance and said the coronavirus outbreak has weighed on the social media giant’s ad revenue in recent weeks. On Tuesday, one analyst said the outbreak has actually highlighted Twitter’s long-term value as a platform. The Twitter...

The COVID-19 pandemic has stalled the longest-ever bull market, and the plunge from the market peak into the bear territory occurred in a record 21 days.   As the market teeters on the brink, an analyst at BofA Securities outlined what an investor can do at this juncture. Panic...

U.S. airlines may have the liquidity to weather tough times, but the coronavirus pandemic is an extraordinary time that's bringing a massive hit to revenue, according to BofA Securities. The United, Southwest Analyst Andrew Didora downgraded United Airlines Holdings Inc (NASDAQ: UAL)...

Gaming console demand is likely to recover in the second half of 2020 or 2021 following a weak first half, and Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA) would be key beneficiaries, according to BofA Securities. The AMD, Nvidia Analyst Vivek Arya...

Gilead Sciences, Inc. (NASDAQ: GILD) shares spiked about 6.6% Wednesday in reaction to a Piper Sandler note that suggested the biopharma's remdesivir could be approved for COVID-19.  An analyst at BofA Securities isn't convinced of remdesivir's potential. The Gilead Analyst...