Evercore ISI Group Maintains Outperform on Bank of America, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Glenn Schorr maintains an Outperform rating on Bank of America (BAC) and raises the price target from $37 to $41.
April 04, 2024 | 4:29 pm
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Evercore ISI Group raises Bank of America's price target from $37 to $41, maintaining an Outperform rating.
The increase in price target by a reputable analyst firm like Evercore ISI Group, along with the maintenance of an Outperform rating, is a strong positive signal for Bank of America. This suggests confidence in the bank's future performance and potential for stock price appreciation, likely leading to positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100