Notable Upgrades: BofA (BAC), SanDisk (SNDK), Fitbit (FIT), Microchip Technology (MCHP), Micron (MU)

Analysts at Nomura are out with a report this morning upgrading shares of Bank of America Corporation (BAC) with a ‘Buy’ from ‘Neutral’ rating. Bank of America Corp. shares are currently priced at 16.71x this year’s forecasted earnings, compared to the industry’s 20.65x earnings multiple. Ticker has a forward P/E of 9.88 and t-12 price-to-sales […] View the full post at: Notable Upgrades: BofA (BAC), SanDisk (SNDK), Fitbit (FIT), Microchip Technology (MCHP), Micron (MU) Related posts: Micron Technology to Eliminate 15% of its Workforce Cognizant Technology On a Tear and Still Undervalued Riverbed Technology (RVBD) Earnings Report Pleases the Street
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