Bank of America Initiates Coverage on ERock (NYSE:EROC)

Equities research analysts at Bank of America began coverage on shares of ERock (NYSE:EROC) in a research note issued to investors on Monday,Benzinga reports. The firm set a “neutral” rating on the stock.

Several other equities research analysts have also commented on the company. Evercore started coverage on shares of ERock in a research note on Monday. They set an “outperform” rating and a $28.00 price objective on the stock. Wolfe Research began coverage on shares of ERock in a research report on Monday. They set an “outperform” rating and a $24.00 price target on the stock. Finally, Wall Street Zen raised shares of ERock to a “hold” rating in a report on Saturday, June 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.25.

ERock Price Performance

EROC opened at $15.62 on Monday. ERock has a 12-month low of $13.02 and a 12-month high of $20.70.