Barclays Maintains Overweight on Bank of America, Raises Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jason Goldberg has maintained an Overweight rating on Bank of America (NYSE:BAC) and increased the price target from $39 to $43.
January 02, 2024 | 11:14 am
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Barclays has reaffirmed its Overweight rating on Bank of America and raised the price target to $43, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Jason Goldberg suggests a strong confidence in Bank of America's future performance. This typically has a positive impact on investor sentiment and can lead to a short-term increase in the stock price.
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