ERock (NYSE:EROC) Raised to “Buy” at Bank of America

ERock (NYSE:EROC) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, MarketBeat reports. The brokerage currently has a $16.00 price target on the stock. Bank of America‘s price objective suggests a potential upside of 48.98% from the company’s previous close.

EROC has been the topic of several other reports. JPMorgan Chase & Co. assumed coverage on shares of ERock in a research report on Monday, July 6th. They set an “overweight” rating and a $24.00 price objective on the stock. Barclays started coverage on shares of ERock in a report on Monday, July 6th. They issued an “overweight” rating and a $23.00 target price for the company. Wall Street Zen upgraded shares of ERock to a “hold” rating in a research note on Saturday, June 20th. Morgan Stanley began coverage on ERock in a report on Monday, July 6th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, BNP Paribas Exane set a $22.00 price target on ERock and gave the stock an “outperform” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, ERock has a consensus rating of “Buy” and a consensus price target of $22.62.

ERock Price Performance

Shares of ERock stock opened at $10.74 on Friday. ERock has a 12 month low of $10.03 and a 12 month high of $20.70.