Truist raised the firm’s price target on Bank of America (BAC) to $58 from $56 and keeps a Buy rating on the shares as part of a broader research note updating the firm’s model following management commentary at recent conference appearances. The firm is also raising its FY27 EPS view on better revenue growth as it now incorporates higher fees, with partial offsets from higher expenses and a higher tax rate, the analyst tells investors in a research note.
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