BMO Capital Maintains Market Perform on Bank of America, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham maintains a Market Perform rating on Bank of America (NYSE:BAC) and raises the price target from $38 to $40.
July 18, 2024 | 1:08 pm
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BMO Capital analyst James Fotheringham maintains a Market Perform rating on Bank of America and raises the price target from $38 to $40.
The raised price target from $38 to $40 indicates a positive outlook from BMO Capital, which could lead to a short-term increase in BAC's stock price. However, the Market Perform rating suggests that the stock is expected to perform in line with the market.
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