Oppenheimer Maintains Outperform on Bank of America, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Bank of America (NYSE:BAC) and raises the price target from $48 to $49.
October 18, 2023 | 3:07 pm
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POSITIVE IMPACT
Bank of America's price target has been raised from $48 to $49 by Oppenheimer, maintaining an Outperform rating.
The raised price target indicates the analyst's increased confidence in the company's performance. This could potentially attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100