Goldman Sachs Added Bank of America (BAC) to its Conviction Buy List, Boosts Price Target
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Goldman Sachs added Bank of America Corporation (NYSE: BAC) to its Conviction Buy List and raises its price target from $7 to $15.
The firm cited the ongoing capital raise and a solid qurater for the company's mortgage and capital markets businesses.
Shares of BAC closed a t$10.67 on Friday, providing 40% upside to Goldman's new price target.
Bank of America Corporation, a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally.
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