BofA (BAC) June 13 and 14 calls are the most actives in the first minutes of trading Friday. Shares are up 4.5 percent to $13.55 and the best percentage gainers in the Dow Jones Industrial Average for a second day. BAC is rallying Friday after Stifel analysts raised earnings estimates and a price target. The firm cites success in capital raising efforts, which they believe will approach $40 billion. Stifel also thinks BAC will pay back $25 billion in TARP funds in 2009 and the rest in 2010. The firm raises its price target to $22 from $18.

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