Oppenheimer Maintains Outperform on Bank of America, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski has maintained an Outperform rating on Bank of America (NYSE:BAC) but has reduced the price target from $50 to $49.

January 16, 2024 | 3:21 pm
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Oppenheimer has maintained an Outperform rating on Bank of America but lowered the price target from $50 to $49.
The reduction in price target by Oppenheimer may have a neutral to slightly negative short term impact on Bank of America's stock price as it suggests a minor adjustment in expectations. However, maintaining the Outperform rating indicates that the analyst still has a positive outlook on the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100