Keefe, Bruyette & Woods Upgrades Bank of America to Market Perform, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst David Konrad has upgraded Bank of America (NYSE:BAC) from Underperform to Market Perform and raised the price target from $29 to $30.
November 06, 2023 | 10:09 am
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Bank of America has been upgraded to Market Perform from Underperform by Keefe, Bruyette & Woods, with a raised price target of $30.
The upgrade from Underperform to Market Perform indicates a more positive outlook on the stock by the analyst. The raised price target also suggests that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100