BMO Capital Maintains Market Perform on Bank of America, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham has maintained a Market Perform rating on Bank of America (NYSE:BAC) but has lowered the price target from $37 to $36.
January 16, 2024 | 1:48 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bank of America's price target has been reduced from $37 to $36 by BMO Capital, although the Market Perform rating remains unchanged.
A lowered price target can often be interpreted as a negative signal, suggesting that the analyst sees less upside potential for the stock. However, the impact may be somewhat muted given that the rating was not downgraded, indicating that the analyst's overall view on the stock has not significantly changed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100