BofA Merrill Lynch

BHP Billiton Limited (ADR) (NYSE: BHP) may be poised for an upturn in ROCE. BofA Merrill Lynch’s Jason Fairclough upgraded the rating for the company from Neutral to Buy, while raising the price objective from 825p to 1,250p. Analyst Jason Fairclough mentioned three reasons for the upward...

CEO and President of Marvell Technology Group Ltd. (NASDAQ: MRVL) have recently resigned. BofA Merrill Lynch’s Vivek Arya maintained an Underperform rating for the company, with a price objective of $10. The departure of top officials and the addition of certain activist shareholders have...

Shares of Target Corporation (NYSE: TGT) are up 12.8 percent year-to-date. BofA Merrill Lynch’s Robert F. Ohmes maintained a Buy rating for the company, with a price objective of $95. Analyst Robert Ohmes believes that Target is poised for robust growth and is at the beginning of a...

Following significantly underperforming the broader S&P Technology Index over the past couple of year, shares of 3D Systems Corporation (NYSE: DDD) seem to have upside. BofA Merrill Lynch’s Wamsi Mohan upgraded the rating for the company from Underperform to Buy, while raising the price...

BofA Merrill Lynch’s Bob Hopkins said that although Medtech has continued to outperform healthcare, concerns related to healthcare have adversely impacted Medtech’s performance. He cited two issues impacting healthcare: Concerns surrounding the US election and the rhetoric around...

BofA Merrill Lynch’s Wamsi Mohan maintained an Underperform rating for Stratasys, Ltd. (NASDAQ: SSYS), with a price objective of $23, citing a weak demand environment and low visibility. Weak Demand To Play Spoilsport Analyst Wamsi Mohan expects Stratasys to record flat product revenues...

BoFA Merrill Lynch's Timna Tanners downgraded the rating for Alcoa Inc (NYSE: AA) from Buy to Neutral, while reducing the price objective from $12 to $10.50. Analyst Timna Tanners said that Alcoa's shares have been surprisingly resilient despite a one-third decline in alumina prices since June...

BofA Merrill Lynch’s Ken Hoexter said that the ratings for nearly half of the rails and trucks under coverage had been raised on account of “the stabilization of rail car loadings, uptick in our biweekly truck shipper survey, and historically relative attraction of valuation multiples...

BofA Merrill Lynch’s Savita Subramanian said that a midcap bubble seems to be forming, with midcaps now trading near a record premium to large caps. Analyst Savita Subramanian wrote, “Buying the ten most underweight stocks and selling the ten most overweight stocks by large cap...

TC Pipelines, LP (NYSE: TCP) shares are down 40 percent year-to-date, while shares of EnLink Midstream Partners LP (NYSE: ENLK) have lost 51 percent. BofA Merrill Lynch’s Gabe Moreen upgraded the rating on TC PipeLines from Underperform to Buy, while downgrading the rating on EnLink...

Facebook Inc (NASDAQ: FB) shares are up 14 percent in the last three months, even after hitting a low of $86.67 on September 29. BofA Merrill Lynch’s Justin Post reiterated a Buy rating on the company, while raising the price objective from $125 to $130. Post enumerated four levers...

Shares of Ares Management LP (NYSE: ARES) The Carlyle Group LP (NASDAQ: CG), Apollo Global Management LLC (NYSE: APO) and Blackstone Group LP (NYSE: BX) have been trending a downward path in 2015. BofA Merrill Lynch’s Michael Carrier upgraded the rating on Ares from Neutral to Buy,...

Shares of Joy Global Inc. (NYSE: JOY) and Cummins Inc. (NYSE: CMI) have declined steadily in 2015 and are down 67 percent and 31 percent, respectively, year-to-date. BofA Merrill Lynch’s Ross Gilardi downgraded the rating on Joy Global from Neutral to Underperform and on Cummins from...