ERock (NYSE:EROC) Stock Rating Upgraded by Bank of America

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

Several other analysts have also recently commented on EROC. Wall Street Zen upgraded shares of ERock to a “hold” rating in a research note on Saturday, June 20th. Wolfe Research initiated coverage on shares of ERock in a report on Monday, July 6th. They set an “outperform” rating and a $24.00 target price for the company. Barclays started coverage on ERock in a report on Monday, July 6th. They issued an “overweight” rating and a $23.00 price target for the company. Morgan Stanley initiated coverage on shares of ERock in a research report on Monday, July 6th. They set an “overweight” rating and a $21.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of ERock in a report on Monday, July 6th. They set an “overweight” rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $22.62.

ERock Stock Performance

Shares of EROC stock opened at $10.12 on Friday. ERock has a 1 year low of $10.07 and a 1 year high of $20.70.