Bank Of America shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.
Portfolio Pulse from Benzinga Newsdesk
Bank of America's stock (BAC) is trading higher following an upgrade from Morgan Stanley, changing its rating from Equal-Weight to Overweight.
January 30, 2024 | 4:30 pm
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Bank of America's stock is likely to experience a short-term increase in price following the upgrade by Morgan Stanley from Equal-Weight to Overweight.
Analyst upgrades are significant indicators for investors and can lead to short-term price increases as market sentiment improves. The upgrade from a reputable firm like Morgan Stanley suggests a positive outlook for Bank of America, which can attract more investors to the stock.
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