Ferguson Enterprises (NYSE:FERG) on Wednesday was upgraded two rating levels to Buy from a previous investment rating of Underperform by analysts at Bank of America. They said the distributor of industrial products has “an attractive entry point” with prospects for long-term growth.

UBS analysts upgrade Bank of America (BAC) to Buy from Neutral and lift their price target to $53 from $43. The analysts called Bank of America "an underrated beneficiary of deregulation" with many on Wall Street expecting further banking deregulation to come under President-elect Donald Trump's return to the White House.

Shares of Ferguson (NYSE:FERG) rose on Wednesday following a double upgrade from analysts at BofA Securities. The brokerage upgraded the stock to "buy" from "underperform" and raised its price objective to 18,