RBC Capital Reiterates Outperform on Bank of America, Maintains $35 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital's analyst Gerard Cassidy has reiterated an Outperform rating on Bank of America (NYSE:BAC) and maintained a $35 price target.
September 12, 2023 | 2:52 pm
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Bank of America's stock is expected to perform well according to RBC Capital's analyst Gerard Cassidy, who maintains a $35 price target.
The Outperform rating from RBC Capital indicates that they expect Bank of America's stock to do better than the overall market in the near future. The maintained price target of $35 suggests that they believe the stock is currently undervalued, which could lead to an increase in its price.
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