Bank of America’s price target was cut to $51 from $53 at Evercore ISI


https://www.tipranks.com/news/the-fly/bank-of-america-price-target-lowered-to-51-from-53-at-evercore-isi

The company was downgraded by Evercore ISI target price at Bank of America (BAC) to $51 from $53 and maintains an outperform rating on the stock. BofA “rounded out 2024 with a decent quarter and a good outlook for 2025 with consistent, characteristic revenue growth,” although this was coupled with “less characteristic expense growth,” which the company believes sent shares slightly lower while peers rose, analyst tells investors. The company cut its FY25 EPS view to $3.60 from $3.81 and 2026 EPS to $4.52 from $4.78 as it now expects more spending pressure than previously expected.

First published in The Fly – The ultimate source of real-time, breaking financial news that moves the market. Try now >>

Check out popular Insiders stocks on TipRanks >>

Read more about BAC:



Source link

  • Related Posts

    Israel-Hamas ceasefire deal is about to begin

    Unlock Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. A ceasefire between Israel and Hamas is due to begin on…

    CNN settles defamation lawsuit after jury finds it liable for defaming Navy veteran in Afghanistan evacuation story

    CNN settles defamation lawsuit after jury finds it liable for defaming Navy veteran in Afghanistan evacuation story Source link

    Leave a Reply

    Your email address will not be published. Required fields are marked *