There appears to be an economic rebound taking place — and history shows ways to play it in the market, according to Bank of America.
"It's official: we're in a Recovery," wrote strategist Savita Subramanian in a note to clients Sunday.
An average recovery lasts nine months, though shorter durations seen in recent history raise concern that this one may not have staying power, she said.
Still, the average analyst has a hold rating on the stock, according to LSEG.
The average analyst has a hold rating on the stock, but price targets imply an upside of more than 7% on average.
Persons:
Savita Subramanian, Subramanian, FactSet, Piper Sandler, John Barnidge, Barnidge, AIZ, Newell, Canaccord, Brian McNamara, McNamara, Molson Coors, Bud, Invesco, — CNBC's Michael Bloom
Organizations:
Bank of America, Wall, Newell Brands, LSEG, destocking, Anheuser, Busch InBev, Bud Light, TAP BUD, Molson Coors, Busch Inbev, Molson, ZOA Energy
Locations:
U.S