Morgan Stanley Upgrades Bank of America to Overweight, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck upgraded Bank of America (BAC) from Equal-Weight to Overweight and increased the price target from $32 to $41.
January 30, 2024 | 11:35 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Morgan Stanley upgraded Bank of America from Equal-Weight to Overweight and raised the price target to $41, indicating a positive outlook on the stock.
Upgrades by major analysts like Morgan Stanley can lead to increased investor confidence and potential stock price appreciation in the short term. The raised price target suggests that Morgan Stanley sees a stronger future performance for Bank of America, which could encourage investors to buy or hold the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100