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Bank Of America Upgrades Tiffany & Co. On Positive Outlook

In a report published Thursday, Bank of America analyst Lorraine Hutchinson upgraded the rating on Tiffany & Co.

Shares in US banking giant Bank of America drop 6% after the bank announces a suspension of its capital plan due to an accounting error.

Following the market opening Wednesday, the Dow traded up 0.65 percent to 16,368.05 while the NASDAQ jumped 0.60 percent to 4,058.49.

Bank of America reports a $276m first-quarter loss, which takes into account a $6bn charge for mortgage-related legal matters.

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