Jefferies Downgrades Bank of America (BAC) to Hold
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Bank of America (BAC) PT Raised to $37 at BMO Capital; Estimates Lowered
April 17, 2019 6:43 AM EDTBMO Capital analyst James Fotheringham raised the price target on Bank of America (NYSE: BAC) to $37.00 (from $36.00) while maintaining a Market Perform rating.
Lower forward estimates by 2-4% due to lower expected NII (offset partially by lower operating expenses).
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