This morning, Bank of America upgraded shares of M&T Bank (NYSE:MTB) from neutral to buy citing solid earnings growth and an attractive dividend. With the upgrade, Bank of America set a price target of $100 per share.
In morning trading, shares of MTB were higher, picking up 1.5% on the news.
And Oppenheimer initiated coverage on shares of HollyFrontier (NYSE:HFC) with an outperform rating. The firm noted that the new company has exciting opportunities post merger and solid refining assets. With the outperform rating, Oppenheimer set a price target of $90 per share.
HFC shares were lower despite the report, falling 1.1% so far.
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