Oppenheimer Maintains Outperform on Bank of America, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski has maintained an Outperform rating on Bank of America (NYSE:BAC) and increased the price target from $49 to $51.
November 16, 2023 | 6:39 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Oppenheimer has reaffirmed Bank of America's Outperform rating and raised the price target from $49 to $51, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Chris Kotowski suggests a bullish outlook on Bank of America, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100