Morgan Stanley Sees Bank of America as Good Buying Opportunity
February 28, 2014 at 09:20 AM EST
In a report published Friday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $21.00 price target on Bank of America (NYSE: BAC ). In the report, Morgan Stanley noted, “We believe BAC is a buy on declining expenses alone. You get a free option on better growth/rates.
