BMO Capital Maintains Market Perform on Bank of America, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham has maintained a 'Market Perform' rating on Bank of America (NYSE:BAC) but lowered the price target from $41 to $40.
July 19, 2023 | 1:32 pm
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Bank of America's price target has been lowered from $41 to $40 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a slightly less optimistic outlook for Bank of America's stock. This could potentially lead to a short-term negative impact on the stock's price.
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IMPORTANCE 70
RELEVANCE 100