BAC Stock: $41 Target (Up From $33) By Jefferies

By Amit Chowdhry ● April 12, 2021
  • The shares of Bank of America Corp (NYSE: BAC) have received a price target increase from $33 to $41 by Jefferies. These are the details.

The shares of Bank of America Corp (NYSE: BAC) have received a price target increase from $33 to $41 by Jefferies. And Jefferies analyst Ken Usdin is maintaining a “Hold” rating on the company shares ahead of earnings reporting season for banking stocks.

Usdin noted that the deposit growth is expected to shine for the banking stock group in Q1 — largely driven by the stimulus. And Usdin is expecting more reserve releases this quarter due to the improving economic backdrop.

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