Bank of America Upgrades ERock (NYSE:EROC) to Buy

ERock (NYSE:EROC) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a $16.00 target price on the stock. Bank of America‘s price target would suggest a potential upside of 58.10% from the stock’s current price.

EROC has been the topic of a number of other research reports. Morgan Stanley assumed coverage on shares of ERock in a research report on Monday, July 6th. They issued an “overweight” rating and a $21.00 price target on the stock. BNP Paribas Exane set a $22.00 target price on ERock and gave the stock an “outperform” rating in a research report on Monday, July 6th. Wall Street Zen upgraded ERock to a “hold” rating in a research report on Saturday, June 20th. Zacks Research upgraded shares of ERock to a “hold” rating in a research note on Tuesday, July 7th. Finally, Evercore assumed coverage on shares of ERock in a report on Monday, July 6th. They set an “outperform” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ERock presently has a consensus rating of “Buy” and an average price target of $22.62.

ERock Trading Down 16.1%

ERock stock opened at $10.12 on Friday. ERock has a twelve month low of $10.07 and a twelve month high of $20.70.