- Bank of America (BAC) should be able to boost earnings with cost cuts and investors might look to the lender's stock as a play on an improving economy, says Citigroup, upgrading to Buy with price target raised to $19 from $16.
- Already a Buy, JPMorgan (JPM) has its price target upped to $72 from $66.
- BAC +1% premarket
BofA boosted to Buy at Citi
Jan 2 2014, 07:01 ET