tiprankstipranks
The Fly

Bank of America price target lowered to $54 from $55 at Morgan Stanley

Bank of America price target lowered to $54 from $55 at Morgan Stanley

Morgan Stanley analyst Betsy Graseck lowered the firm’s price target on Bank of America (BAC) to $54 from $55 and keeps an Equal Weight rating on the shares. The firm’s Q4 EPS estimate is median 2% above consensus for the large cap bank group as the firm expects capital markets beats in the quarter, positive commentary on 2025 pipelines and the benefit of a steeper curve to drive up 2025 guidance. The firm also notes that its 2025 EPS median estimate for the group is 4% above the Street view.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com