Stock Research

UPDATE: ISI Group Raises PT to $14 on Bank of America

Posted on January 07, 2013 at 13:08 PM EST

In a report published Monday, ISI Group reiterated its Buy rating and raised the price target from $13.00 to $14.00 on Bank of America Corp. (NYSE: BAC ). ISI Group noted, “BAC settles mortgage repurchase claims with Fannie Mae for origination through 12/31/08. The agreement extinguishes substantially all unresolved claims