Oppenheimer Maintains Outperform on Bank of America, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski has maintained an Outperform rating on Bank of America (NYSE:BAC) and increased the price target from $49 to $50.
January 30, 2024 | 2:28 pm
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Oppenheimer has reaffirmed Bank of America's Outperform rating and raised the price target to $50, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Chris Kotowski suggests a bullish view on Bank of America's future performance. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100