Morgan Stanley Maintains Equal-Weight on Bank of America, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Equal-Weight rating on Bank of America (NYSE:BAC) and raises the price target from $33 to $34.
July 19, 2023 | 1:59 pm
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Bank of America's price target has been raised from $33 to $34 by Morgan Stanley, maintaining an Equal-Weight rating.
The news is directly related to Bank of America and is likely to have a positive impact on its stock price in the short term. The raised price target indicates that the analyst sees potential for the stock's price to increase, which could encourage investors to buy the stock, driving up its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100