Bank of America's (BAC) Price Target Raised to $49

Piper Sandler Raises Price Target to $49 from $46

Piper Sandler raised its price target on Bank of America to $49, from $46, maintaining a positive outlook on the lender’s net interest income trends and improving credit conditions. The firm sees potential for margin recovery as interest rates stabilize and fee income improves in the second half.

📌 Rating: Overweight reiterated