Morgan Stanley Maintains Overweight on Bank of America, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Overweight rating on Bank of America (NYSE:BAC) and raised the price target from $46 to $49.
July 30, 2024 | 2:47 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on Bank of America and raised the price target from $46 to $49.
The Overweight rating and increased price target from a reputable firm like Morgan Stanley is likely to boost investor confidence in Bank of America, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100