Odeon Capital Upgrades Bank of America to Buy, Announces $37.94 Price Target
Portfolio Pulse from Benzinga Newsdesk
Odeon Capital analyst Dick Bove has upgraded Bank of America (NYSE:BAC) from Hold to Buy and set a price target of $37.94.
December 14, 2023 | 1:39 pm
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Bank of America has been upgraded by Odeon Capital from Hold to Buy with a new price target of $37.94, suggesting a positive outlook on the stock.
Upgrades by analysts typically lead to a positive short term reaction in the stock market as they suggest a better-than-previously-expected future performance of the company. The new price target of $37.94 indicates a potential upside from the current trading price, which can attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100