HSBC Initiates Coverage On Bank of America with Buy Rating, Announces Price Target of $35
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Saul Martinez has initiated coverage on Bank of America (NYSE:BAC) with a Buy rating and a price target of $35.
September 07, 2023 | 9:04 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
HSBC has initiated coverage on Bank of America with a Buy rating and a price target of $35, which could potentially boost the stock's performance.
The initiation of coverage by HSBC with a Buy rating indicates a positive outlook for Bank of America. The price target of $35 suggests that HSBC believes the stock has potential for growth, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100