Bank of America Corp. (NYSE:BAC): Warren Buffett and Bank of America CEO Brian Moynihan had a private dinner together in Omaha earlier this month, at which Buffett lauded the bank’s turnaround efforts. The Oracle of Omaha “expressed bullishness on the banking sector, especially for institutions such as Bank of America with a strong deposit base,” according to a CNBC report. Buffett also thanked Moynihan for the $5.27 billion paper profit that the bank has given Berkshire Hathaway in just two years.
Target (NYSE:TGT): In a set of rather unwelcome results, Target has ranked near-last in a customer satisfaction survey of shoppers in Canada, conducted by Forum Research. Though the retailer admits that there are some growing pains in the nation, it says that its own polling has shown improvements in customer opinions.
Intel Corp. (NASDAQ:INTC): According to Piper Jaffray, “PCs are not going away anytime soon.” The bank upped its Sell rating to Neutral and jacked up the price target to $22 from $20 as analyst Gus Richard expects 2014 revenue growth in the mid-single digits, driven by a corporate refresh of Microsoft (NASDAQ:MSFT), the Windows 8.1 release, and the end of support for Windows XP. The company may also soon announce an accelerated schedule for production of upcoming Atom chips for smartphones and tablets, Barron’s suggests.
Harvest Natural Resources Inc. (NYSE:HNR): Harvest shares are on a 26 percent tear after Wunderlich brought its rating on the shares to Buy from Hold with a $9 price target, up from $4.75. The firm thinks that the company is on the verge of showing the market the true value of its Gabon and Indonesia assets through market transactions, which could generate significant cash for use toward developing the Gabon and newly acquired Colombia positions.
Tesla Motors (NASDAQ:TSLA): A poll from Edmunds reveals that Tesla’s clients who purchased the Model S sedan tend to be younger than the average luxury vehicle shopper, as nearly a third of buyers fall between 18 to 44 years of age, and the percentage of males opting for the Model S is higher than average. The profile of the Model S buyer is most similar to that of the Porsche Panamera owner, and Edmunds chose to eliminate political leanings as a variable for the survey.