This Is What Whales Are Betting On Bank of America
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Bank of America (NYSE:BAC), with 67% of big-money traders also bullish. The investor has targeted a price range of $20.0 to $40.0 for BAC over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $35, while Morgan Stanley maintains an Equal-Weight rating with a price target of $33.
July 14, 2023 | 5:46 pm
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A large investor has taken a bullish stance on Bank of America, with a targeted price range of $20.0 to $40.0. RBC Capital has downgraded its action to Outperform with a price target of $35, while Morgan Stanley maintains an Equal-Weight rating with a price target of $33.
The bullish stance taken by a large investor, along with the bullish sentiment among 67% of big-money traders, indicates a positive outlook for BAC. The price targets set by RBC Capital and Morgan Stanley further support this bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100