Bank of America: These Stocks Have Upside Potential in an Uncertain Market

According to CNBC, Bank of America analysts identified AT&T, U.S. Bancorp, Krispy Kreme, Madison Square Garden Entertainment and L3Harris Technologies as buy-rated stocks with upside potential amid market uncertainty. The bank reiterated its Buy rating on AT&T and a $34 price objective after better-than-forecast 3Q26 results. Analyst Sara Senatore said Krispy Kreme maintained its F26 adjusted EBITDA guidance despite higher edible oil and fuel costs; the stock is up 20% this month. Madison Square Garden Entertainment shares have risen 48% this year, and the company has 231 Christmas Spectacular shows planned, versus 215 last year, with advance ticket revenue pacing ahead. Bank of America analyst Ronald Epstein said L3Harris Technologies’ new CEO identified priorities including improving execution, growing international business, which accounts for 24% of revenue, and avoiding transformational M&A. The bank also expects U.S. Bancorp to outperform, citing expected double-digit EPS growth supported by fixed-asset repricing and diversified fee revenue.