Citigroup Maintains Neutral on Bank of America, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz has maintained a Neutral rating on Bank of America (BAC) and increased the price target from $37 to $39.
March 20, 2024 | 5:18 pm
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Citigroup has maintained a Neutral rating on Bank of America but raised the price target from $37 to $39.
The increase in price target by Citigroup suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the stock might not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90