Citi raised the firm’s price target on Bank of America (BAC) to $58 from $54 and keeps a Buy rating on the shares as part of a Q3 earnings preview. The firm sees potential upside to the bank’s Q3 net interest income outlook and sees value in the shares at current levels. Bank of America’s upcoming investor day is likely to move the stock than the Q3 report, the analyst tells investors in a research note.
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