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Bank of America (BAC) Receives a Buy from Jefferies


In a report released today, Ken Usdin from Jefferies reiterated a Buy rating on Bank of America (NYSE: BAC), with a price target of $35. The company’s shares opened today at $30.27.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 24.7% and a 86.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, First Republic Bank, and Citizens Financial.

Bank of America has an analyst consensus of Moderate Buy, with a price target consensus of $35, which is a 15.6% upside from current levels. In a report issued on September 25, Wolfe Research also initiated coverage with a Buy rating on the stock with a $40 price target.

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Bank of America’s market cap is currently $302.7B and has a P/E ratio of 15.60. The company has a Price to Book ratio of 1.26.

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