Oppenheimer Maintains Outperform on Bank of America, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Bank of America (BAC) but lowers the price target from $46 to $45.
April 17, 2024 | 12:33 pm
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Oppenheimer maintains an Outperform rating on Bank of America but lowers the price target from $46 to $45.
The adjustment in price target by a prominent analyst like Chris Kotowski, while maintaining an Outperform rating, suggests a positive outlook on BAC's performance but with a slightly moderated expectation. This could lead to a neutral short-term impact on BAC's stock price as the market digests the minor adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100