Wells Fargo Maintains Overweight on Bank of America, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Whit Mayo has maintained an Overweight rating on Bank of America (BAC) and increased the price target from $40 to $44.
March 28, 2024 | 2:47 pm
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POSITIVE IMPACT
Wells Fargo analyst Whit Mayo has reaffirmed an Overweight rating on Bank of America and raised the price target from $40 to $44.
The increase in price target by a reputable analyst like Whit Mayo suggests a strong confidence in Bank of America's future performance. This endorsement is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100