Morgan Stanley Lifts Price Target on Bank of America (BAC), Sees Nearly 200% Upside

Morgan Stanley lifted its price target on Bank of America (NYSE: BAC) to an aggressive $32 per share, from $25. The firm is maintaining its Overweight rating on BofA.

Shares of BofA closed at $11.41 yesterday, providing 180% upside to the 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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