Keefe, Bruyette & Woods Upgrades Bank of America to Outperform, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods has upgraded Bank of America (NYSE:BAC) from Market Perform to Outperform and raised the price target from $37 to $46.
June 14, 2024 | 12:26 pm
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Keefe, Bruyette & Woods has upgraded Bank of America from Market Perform to Outperform and increased the price target from $37 to $46, indicating a positive outlook for the stock.
The upgrade from Market Perform to Outperform and the significant increase in the price target from $37 to $46 by a reputable analyst firm suggests a strong positive outlook for Bank of America. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100