The Latest Breaking News from BofA

By 2030, EV adoption in the US could range from 20% to 55% and government regulation may be the most significant change agent in this development, according to BofA Securities.

BofA analyst Vivek Arya believes chipmaker Nvidia Corp (NASDAQ: NVDA) could benefit from growth in several areas. Arya chose Nvidia as his top large-cap sector pick.

Teva Pharmaceutical Industries Ltd (NYSE:TEVA) announced new study findings based on newly established clinical thresholds on short-acting beta-agonist (SABA) use and real-world usage of ProAir Digihaler (albuterol sulfate) inhalation powder. ProAir Digihaler is a breath-actuated, digital SABA inhaler with built-in flow sensors that detect, record, and store objective data.  89% (319/359) of patients…

BofA analyst Robert Ohmes has double upgraded Sprouts Farmers Market Inc (NASDAQ:SFM) to Buy from Underperform. Ohmes also raised the price target to $40 from $21 (33% upside). The analyst expects the compounding effect of food inflation to back Sprouts Farmers Market's price acceleration, resulting in substantial potential for EPS upside. Ohmes views SFM's current…

Coca-Cola Co (NYSE: KO) reported its first-quarter organic growth higher than BofA and Street estimates, and this growth was led by higher volumes, according to BofA Securities.

Despite the prospect of rising interest rates, the financial sector has been under extreme selling pressure since early January. It's been a mixed bag for first-quarter earnings for the big banks so far, with assorted beats and misses and inconsistent price action.

BofA analyst George Staphos downgraded Pactiv Evergreen Inc (NASDAQ:PTVE) to Neutral from Buy with a price target of $13 (29.6% upside). The analyst also downgraded O-I Glass Inc (NYSE:OI) to Neutral from Buy with a price target of $14 (7% upside). Staphos foresees a chance for macroeconomic trends to decelerate. He lowered his ratings on both the companies as…

New Street analyst Pierre Ferragu upgraded NVIDIA Corp (NASDAQ:NVDA) to Buy from Neutral with a price target of $280 (30.2% upside). Ferragu saw an attractive valuation, greater visibility on the "crypto-winter risk," and the company's robust data center outlook.  Ethereum's hash rate quadrupled between October 2020 and January 2022, likely boosting Nvidia's FY22 gaming revenues…

BofA analyst Vivek Arya reiterated a Buy rating and a $375 price target (71.1% upside) on NVIDIA Corp (NASDAQ:NVDA) and a Top Pick designation. Arya saw the Baird downgrade-related selloff as likely done. Truist also slashed the price targets on the chipmakers. Arya acknowledged that Nvidia's gaming business was vulnerable to weaker demand from Europe due to the Russia-Ukraine…