Morgan Stanley Maintains Equal-Weight on Bank of America, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Equal-Weight rating on Bank of America (NYSE:BAC) and lowers the price target from $34 to $32.
October 03, 2023 | 1:58 pm
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Morgan Stanley has maintained an Equal-Weight rating on Bank of America and lowered the price target from $34 to $32.
The lowering of the price target by Morgan Stanley could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100