Bank of America says these could join a ‘billionaire club’

Buena Vista Images | Stone | Getty ImagesAnalysts at Bank of America have picked out magnificence shares that they consider will come again “stronger than ever” from the coronavirus pandemic.Within the wonder trade, the “candy odor of alternative” is prone to come from the $26 billion fragrance market, in response to BofA in a analysis word revealed in May.While perfume gross sales decreased $5 billion year-over-year in 2020, the sector is ready for a rebound due partially to a higher e-commerce expertise for consumers, the analysts stated. Some perfume manufacturers could develop into half of a “billionaire membership,” they added, that means they could make greater than $1 billion in annual product gross sales.BofA’s buy-rated inventory picks are:

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