Bank of America Securities has upgraded its financial outlook, raising fiscal year 2025 EBITDA estimates by 20% and 2026 by 18%, alongside a credit rating increase to Overweight. The bank forecasts gold prices could reach $5,000 per ounce in 2026, marking it as a key trade, while projecting AI infrastructure capital expenditures to surpass $1 trillion by 2028. Recent Q3 earnings also reflect strong performance with EPS increasing to $1.06, and plans to open over 150 new financial centers further demonstrate its expansion strategy.
“Bank of America Securities · upgraded · credit rating · to Overweight from Market Weight”
“Bank of America Securities · raised · fiscal 2025 EBITDA estimates · by 20%”
“Bank of America Securities · raised · fiscal 2026 EBITDA estimates · by 18%”
“BofA · sees · company’s leverage · improving further in 2026”
“Goldman Sachs and Bank of America · projected AI infrastructure capex spending · cross $1 trillion · by 2028”
“Bank of America Securities · forecast that gold could climb · to $5,000 per ounce in 2026”
“Bank of America · described gold as · a top trade for 2026”
“Bank of America · estimated a return of · 10%”
“Bank of America · raised · the firm’s price target on Ocular Therapeutix · to $21 from $18”
“Bank of America · maintained · a Buy rating · on the shares”
“BofA Securities · expressed a positive view on · Kinross Gold Corporation”
“BofA · lowered the firm’s price target on AbbVie Inc. (NYSE:ABBV) · $233 · $248”
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