Oppenheimer Maintains Outperform on Bank of America, Lowers Price Target to $49
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Chris Kotowski has maintained an 'Outperform' rating on Bank of America (NYSE:BAC) but lowered the price target from $52 to $49.
August 18, 2023 | 12:17 pm
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NEUTRAL IMPACT
Bank of America's price target has been lowered from $52 to $49 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target could potentially create a negative sentiment among investors, but the maintained 'Outperform' rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100