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Home » Bank of America says stock has room to rise
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Bank of America says stock has room to rise

adminBy adminMarch 22, 2026No Comments4 Mins Read
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Bank of America says there are too many stocks to ignore. The investment bank says companies like Metaplatform have plenty of room to operate even in the face of macroeconomic uncertainty. Other stocks reviewed by Bank of America’s CNBC Pros with buy ratings include Bob’s Discount Furniture, Coca-Cola Andina, BlackRock, and Boot Barn Holdings. Coca-Cola Andina The Coca-Cola bottling and packaging company in Latin America is firing on all cylinders, according to the bank. Analyst Fernando Olvera recently upgraded the stock from Neutral to Buy, calling Coca-Cola Andina too compelling to ignore. “We think this is an attractive entry point with an improved risk/reward profile,” he said, urging clients to buy on the edge. Bank of America, in particular, likes the company’s strong free cash flow and exposure to emerging markets. “We are positive about Andina. Its operating strength, supported by improved volumes across markets, higher price/mix and stable costs, should support strong free cash flow to fund the dividend.” ADRs for Class A sponsors have risen 41% in the past 12 months, yielding 3.4%, according to FactSet data. Boot Barn analyst Christopher Nardone says you should buy the Western-themed shoe company’s stock decline. “Structural factors such as exclusive brand mix, purchasing economies of scale and higher list price sales remain in place,” he said. The bank lowered its price target to $224 per share from $240, but said the stock remains too compelling to ignore. What’s more, Nardone doesn’t think the Middle East wars will hinder the stock’s upside. “While war and high gas prices have certainly increased macro uncertainty, unemployment among oil and gas workers remains low, and we believe this is an even more important data point given BOOT’s exposure to the ‘labor’ sector,” he said. The stock price has increased almost 50% in the past 12 months. Bob’s Discount Furniture Bob’s is firing on all cylinders, as evidenced by the company’s earnings report earlier this week. “We assign a Buy rating to BOBS, considering both the (long-term) growth algorithm and short-term upside potential,” said analyst Robert Ormes. Despite some weather headwinds, the bank said the stock remains very attractive. “Given (near-term) weather headwinds and 2026 guidance, we lowered PO to $23 (previously $28) based on 21x 27E EPS, but reaffirm our buy as BOBS’ differentiated merchandising initiatives, zone pricing, marketing and omnichannel experience should be on the upside.” Bob’s, which went public in early February (Bank of America was not the lead underwriter), has fallen for four consecutive weeks and is down about 17% over the past five days. Boot Barn “” structural factors remain intact, such as exclusive brand combinations, economies of scale in purchasing, and sales at higher list prices. ….Yes, there is increased macro uncertainty due to the war and high gas prices, but the unemployment rate for oil and gas workers remains low, and we believe this is the more important data point given BOOT’s exposure to the “jobs” sector. ” BlackRock “Recorded LT inflows in February, with strong defenses. BLK’s US MF and retail business once again generated strong LT inflows last month, driven by stocks and bonds. We note that BLK recorded its highest ever LT inflows in February. Including money market inflows, BLK had total net inflows of +510 Internationally, net flows in February remained positive, primarily driven by equities. “Meta is valued at $614, 18x 2027 forward P/E, which we believe is attractive given its industry-leading growth and AI opportunities.” Coca-Cola Andina “We think it’s an attractive entry point with an improved risk-reward profile,” he advises clients to buy on the edge…He’s positive about Andina. Its operating strength is supported by improving overall market volumes, rising price/mix, and stable costs, and should support strong free cash flow to fund the dividend. ” Bob’s Discount Furniture “We assign a buy rating to BOBS as we see both the LT (long-term) growth algorithm and near-term upside potential. … 21x 27E considering NT (short-term) weather headwinds and 2026 guidance We lowered our PO to $23 (previously $28) based on EPS, but reaffirmed that BOBS’ differentiated merchandising initiatives, zone pricing, marketing and omnichannel experience should be the driving force for the upside.”



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