Ferguson Enterprises (NYSE:FERG) on Wednesday was upgraded two rating levels to Buy from a previous investment rating of Underperform by analysts at Bank of America. They said the distributor of industrial products has “an attractive entry point” with prospects for long-term growth.

UBS analysts upgrade Bank of America (BAC) to Buy from Neutral and lift their price target to $53 from $43. The analysts called Bank of America "an underrated beneficiary of deregulation" with many on Wall Street expecting further banking deregulation to come under President-elect Donald Trump's return to the White House.

Bank of America ( BAC 0.09%) shareholders have plenty to celebrate heading into 2025. The combination of a resilient economy, climbing financial asset prices, and optimism toward lending conditions have propelled the stock to a fantastic 31% return during the past year.

Both HSBC and UBS upgraded Bank of America (NYSE:BAC) to Buy, both citing the higher-for-longer rate environment as benefiting the money center bank. "Rate backdrop, investment banking landscape, and regulatory easing provide favorable earnings backdrop,

Fintel reports that on January 7, 2025, UBS upgraded their outlook for Bank of America (NYSE:BAC) from Neutral to Buy. Analyst Price Forecast Suggests 9.47% Upside As of December 23, 2024, the average one-year price target for Bank of America is $49.