| Bank of America Merrill Lynch has become more optimistic on the energy sector, on both a small and large cap basis, as oil prices appear to have stabilized in the wake of a sharp drop that sent stock prices spiraling lower in recent months.
In a note to clients on Thursday, small cap strategist Steve DeSanctis said the firm had boosted its rating on small cap energy to “overweight” from “underweight,” a move matched by Merrill’s large cap strategy team, which upgraded energy shares further up the market-cap scale to “overweight.”..............................................Full Article: Source
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