A significant investor has taken a bearish stance on Bank of America (NYSE:BAC), with 58% of recent trades being bearish. The targeted price range for BAC over the last 3 months is $24.0 to $40.0. The current price of BAC is down -0.73% at $27.4. HSBC and RBC Capital have downgraded their ratings to Buy and Outperform respectively, both with a price target of $35. Piper Sandler maintains an Underweight rating with a price target of $27, while Oppenheimer maintains an Outperform rating with a price target of $48.