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  /  News   /  Baird downgrades Bank of America, says stock will fall 12%

Baird downgrades Bank of America, says stock will fall 12%

A woman is reflected in a puddle as she passes a Bank of America branch in New York’s Times Square.

Brendan McDermid | Reuters

The rally for Bank of America‘s stock has gone too far and investors should shift their money elsewhere, according to investment firm Baird.

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