Thursday’s analyst calls: Upside ahead for Amazon, but a ‘rate trap’ looms for BofA

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Thursday’s analyst calls: Upside ahead for Amazon, but a ‘rate trap’ looms for BofA


(This is Tech Zone Daily Pro’s live coverage of Thursday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.)

Online marketplace giant Amazon took focus in the overnight market calls, with analysts at Jefferies seeing a broad range of factors likely to contribute to a surge in the company’s share prices.

The news wasn’t as good for Bank of America, with UBS worried about a potential “rate trap” that could slam one of the Big Four U.S. banks.

Check out the latest calls and chatter below. All times ET.

6:19 a.m.: Jefferies raises Meta Platforms price target on forecast higher advertising market share

6:06 a.m.: Jefferies raises Amazon price target, says company has ‘plenty to be excited about’

6:06 a.m. UBS downgrades Bank of America, says upside is limited over the next 12 months



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