Citi upgrades Bank of America to ‘Buy’: can BofA stock keep climbing?

On November 8, 2024, Citi analysts upgraded Bank of America (NYSE: BAC) from Neutral to Buy, setting a new price target of $54, up from $46. This revision, prompted by expectations of a favorable regulatory and interest rate environment, points to a potential upside of 20% from BAC’s current trading price. Analyst Keith Horowitz cited […]