This morning, Citigroup upgraded shares of Bank of America (NYSE:BAC) from neutral to buy as continued cost-cutting will help boost earnings. In the report, Citigroup set a $19 price target. Shares of Bank of America were higher by 2.2% on the news.
BMO Capital upgraded shares of Duke Energy (NYSE:DUK) to an outperform rating noting the stability of the stock and the strong yield. In the report, BMO set a $77 price target. Shares of Duke Energy were modestly lower, trading just below $69 per share.
And Keybanc upgraded shares of Papa John's (NASDAQ:PZZA) from hold to buy as domestic demand is growing while prices stabilize. In the report, Keybanc set a $53 price target. Shares of Papa John's were higher by 1.7% on Thursday.
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