BAC Stock: $44 Target (Up From $37) By RBC Capital

By Amit Chowdhry ● April 19, 2021
  • The shares of Bank of America Corp (NYSE: BAC) have received a price target increase from $37 to $44 by RBC Capital. These are the details.

The shares of Bank of America Corp (NYSE: BAC) have received a price target increase from $37 to $44 by RBC Capital. And RBC Capital analyst Gerard Cassidy is maintaining an “Outperform” rating on Bank of America following the company’s first-quarter results.

Cassidy noted he believes that Bank of America is positioned to benefit from an economic recovery in the U.S. And he believes that a steepening in the yield curve is going to provide a tailwind to earnings in the next 12-18 months.

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