Bank of America price target raised to $54 from $50 at Wolfe Research

Wolfe Research raised the firm’s price target on Bank of America (BAC) to $54 from $50 and keeps an Outperform rating on the shares as part of a 2025 playbook for the brokers, asset managers, and exchanges. The firm is “getting selective as valuations look stretched.” After a “banner year” for financials, Wolfe is most positive on names with secular growth stories and exposure to “Trump tailwinds,” the analyst tells investors in a research note.