Goldman Sachs Maintains Buy on Bank of America, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Richard Ramsden has reaffirmed a Buy rating on Bank of America (NYSE:BAC) and increased the price target from $30 to $33.
December 01, 2023 | 2:53 pm
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Goldman Sachs has maintained a Buy rating on Bank of America and raised the price target to $33, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Richard Ramsden from Goldman Sachs typically signals a strong conviction in the company's future performance and can positively influence investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100