BofA boosted to Buy at Citi

|About: Bank of America Corporation (BAC)|By:, SA News Editor

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