Bank of America shares are trading lower after Odeon Capital downgraded the stock from Buy to Hold and announced a $33.9 price target. Also, BMO Capital and Oppenheimer lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Bank of America's stock (BAC) is trading lower following a downgrade from Odeon Capital from Buy to Hold, with a new price target of $33.9. Additionally, BMO Capital and Oppenheimer have also reduced their price targets for BAC.
January 16, 2024 | 8:39 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bank of America's stock is facing downward pressure after Odeon Capital downgraded the stock and set a price target of $33.9. BMO Capital and Oppenheimer also lowered their price targets.
The downgrade by Odeon Capital, accompanied by price target reductions from both BMO Capital and Oppenheimer, suggests a bearish outlook from analysts, which can lead to negative investor sentiment and a potential decrease in BAC's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100