RBC's Gerard Cassidy Upgrades Bank of America Stock Price Target
Gerard Cassidy of RBC Capital Markets raised his price target for Bank of America (BAC) from $59 to $65, maintaining an Outperform rating. The upgrade follows strong Q2 results and is based on the bank's low-cost deposits and potential for higher net interest income as long-term loan rates rise.
Tickers: $BAC
Topics: Bank of America banking sector net interest income price target upgrade