Keefe Bruyette analyst Christopher McGratty raised the firm’s price target on Bank of America (BAC) to $58 from $57 and keeps an Outperform rating on the shares. Bank of America offers among the most attractive risk/reward for Universal Banks today, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- Bank of America (BAC) Tells Investors to Focus on ‘Value Stocks’
- Bank of America Stock (BAC) Under Pressure After Lawsuit Tied to Jeffrey Epstein
- Option traders moderately bearish in Bank of America with shares down 3.01%
- Fund Managers Believe that ‘Long Gold’ Is Now the Most Crowded Trade, Says BofA
- Bank of America price target raised to $67 from $66 at Morgan Stanley