Bank of America shares got a rating boost from analyst at Baclays.
Analyst Jason Goldberg raised his rating on the banking stock to overweight from equal weight , with a $43 price target.
In his note to investors, Goldberg indicated that significant improvements of Bank of America’s consumer banking ( its largest revenue source), and tailwinds from recent technology advancements are not fully appreciated by investors.
Goldberg also expects further market share gains on the wholesale front. He added,"In addition, we expect expansions to remain contained, asset quality to stay benign and share repurchase to continue".