Bank of America is out with its latest short-term stock picks as the third trading quarter of the year gets underway.
"Over the last quarter, the BofA Macro view has evolved," strategist Anthony Cassamassino wrote in a note Monday.
Bank of America gathered its 10 best ideas for the new quarter, all of them buy-rated, Cassamassino said.
The bank also sees multiple growth drivers this year and improvements in merchandise margins as cost inflation and freight expenses normalize.
Its $135 price target on the stock is more than 50% above its closing price Friday.
Persons:
Anthony Cassamassino, Savita Subramanian, Michael Hartnett, Michael Gapen, Stephen Suttmeier, Cassamassino, it's, Lamb Weston, Wells, defensibility
Organizations:
of America, U.S, Our U.S . Economist, " Bank of America, Body, Bank of America, Disney, Wells Fargo
Locations:
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