Oppenheimer Maintains Outperform on Bank of America, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski has maintained an Outperform rating on Bank of America (NYSE:BAC) but lowered the price target from $49 to $48.
September 26, 2023 | 2:26 pm
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Bank of America's price target has been lowered from $49 to $48 by Oppenheimer, though the Outperform rating is maintained.
The news is directly related to Bank of America (BAC). While the lowering of the price target might be seen as a negative, the maintenance of the 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