Analyst Downgrades Goldman Stock and Upgrades Bank of America Ahead of Earnings. What to Know.
A Seaport Research analyst upgraded shares of BofA to Buy from Neutral. The industry’s deposit growth fares better than expected, he writes, and BofA stands to benefit from high interest rates for a longer period. However, he downgraded Goldman Sachs to Neutral from Buy, a move he said was primarily driven by its valuation.