Oppenheimer Maintains Outperform on Bank of America, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Bank of America (BAC) but lowers the price target from $50 to $46.

March 19, 2024 | 12:58 pm
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Oppenheimer maintains an Outperform rating on Bank of America but lowers the price target from $50 to $46.
While the reduction in price target from $50 to $46 by Oppenheimer could suggest a tempered outlook for Bank of America's stock, the maintenance of an Outperform rating indicates continued confidence in the company's performance. This mixed signal might lead to a neutral short-term impact on the stock as investors weigh the lowered price target against the positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100