Piper Sandler Maintains Underweight on Bank of America, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Scott Siefers maintains an Underweight rating on Bank of America (NYSE:BAC) but raises the price target from $35 to $37.
June 04, 2024 | 12:11 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Underweight rating on Bank of America but raises the price target from $35 to $37.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals likely result in a neutral short-term impact on BAC's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100