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Investing.com - BofA Securities removed Amazon (NASDAQ:AMZN) and Fair Isaac Corp (NYSE:FICO) from its US 1 List on Wednesday, according to a research note. FICO, currently trading near its 52-week low, has seen its stock decline about 24% year-to-date despite maintaining strong fundamentals with impressive gross profit margins of 81%.
The financial institution confirmed that both companies will maintain their Buy ratings despite being removed from the select list of top investment ideas.
The US 1 List represents BofA’s collection of best investment ideas drawn from the universe of Buy-rated, US-listed stocks, including American Depositary Receipts (ADRs).
BofA Securities manages the list with the goal of providing superior investment performance over the long term, according to the firm’s statement.
The bank did not provide specific reasons for the removal of Amazon and Fair Isaac from its premium investment list in the research note.
In other recent news, Fair Isaac Corporation announced plans to introduce two new credit scoring models incorporating buy now, pay later (BNPL) data. These models, FICO Score 10 BNPL and FICO Score 10 T BNPL, are expected to launch in Fall 2025. This development aims to give lenders better insight into consumer repayment behaviors by including BNPL transactions. Meanwhile, analyst firms have been adjusting their outlooks on Fair Isaac. BMO Capital initiated coverage with an Outperform rating, citing the company’s strong margins and potential for recovery in industry volumes. Wells Fargo (NYSE:WFC) lowered its price target from $2,600 to $2,300, expressing concerns over regulatory changes in mortgage credit scoring. Goldman Sachs reiterated a Buy rating, noting that despite increased competition from VantageScore, FICO’s market position remains strong due to the complexity and cost of switching scoring models. Raymond (NSE:RYMD) James maintained an Outperform rating, highlighting that FICO’s established market presence may help it withstand new competition.
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