Analysts: Bank of America Gets a Legal Leg Up and 2 Other Research Notes to Check Out
Bank of America (NYSE:BAC): JPMorgan (NYSE:JPM) notes that Attorney Generals from New York and Delaware, along with the Federal Housing Finance Authority have said that they will no longer object to Bank of America’s $8.5 billion mortgage settlement with private investors, and that the news is significantly positive for the bank since several objectors to the settlement have now been removed. JPMorgan keeps an Overweight ranking on the company.
Host Hotels (NYSE:HST): RBC Capital believes that business is on track to accelerate, and expects its revenue to increase 6 percent for the rest of 2013. The firm thinks that the company should he aided by a post-renovation tailwind for the remainder of the year, and keeps a Top Pick rating on the shares.
General Moly (AMEX:GMO): The company’s stock will be capped until it provides clarity on the party that will provide with financing for its Mt. Hope project, RBC Capital says, and reduced its price target from $3.50 to $2.30. It keeps an Underperform on the stock.
Investing Insights: Is Lennar Worth the Risk?