UPDATE: Bank of America Reiterates on Quality Distribution as Chemical Stabilization is in Sight

In a report published Friday, Bank of America analyst Ken Hoexter reiterated a Buy rating on Quality Distribution (NASDAQ: QLTY ), and raised the price target from $13.00 to $16.00. In the report, Bank of America noted, “We are increasing our price objective on Quality Distribution 23%, to $16 from