FBR Capital Upgrades Bank of America To Outperform

Analysts at FBR Capital upgraded Bank of America (NYSE: BAC) from Market Perform to Outperform.

The price target for Bank of America has been raised from $18.00 to $20.00.

Bank of America shares have gained 7.50% over the past 52 weeks, while the S&P 500 index has surged 7.46% in the same period.

Bank of America shares dropped 2.03% to $15.44 in pre-market trading.