Morgan Stanley raised Bank of America Corporation’s (BAC) price target to $70 from $67, citing a clear path to ROTC growth of 16-18% and reiterated an Overweight rating. RBC Capital analyst reiterated an Outperform rating and $56 price target, highlighting BAC’s growth strategy and potential for achieving medium-term targets. BAC offers various financial services, including retail banking, wealth management, and investment banking. While BAC is considered a solid investment, certain AI stocks may offer greater upside potential. For more information on undervalued asset management and AI stocks, visit Insider Monkey.

Read more at Yahoo Finance: Morgan Stanley Lifts Bank of America Corporation (BAC) Price Target on Solid Growth Metrics