Morgan Stanley Maintains Overweight on Bank of America, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Overweight rating on Bank of America but has lowered the price target from $49 to $47.
September 30, 2024 | 4:12 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on Bank of America but has lowered the price target from $49 to $47.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal may result in a neutral short-term impact on BAC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100