CFRA Downgrades Bank of America to Sell, Announces $39 Price Target
Portfolio Pulse from Benzinga Newsdesk
CFRA analyst Kenneth Leon has downgraded Bank of America (NYSE:BAC) from Hold to Sell and set a price target of $39.
July 16, 2024 | 5:05 pm
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CFRA analyst Kenneth Leon downgraded Bank of America from Hold to Sell and set a price target of $39.
The downgrade from Hold to Sell by a reputable analyst and the announcement of a $39 price target is likely to negatively impact investor sentiment and the stock price of Bank of America in the short term.
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IMPORTANCE 80
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