Numerous Analysts Raise Price Targets on BofA (BAC) Following Earnings

A parade of analysts are out with estimate/price target changes on shares of Bank of America (NYSE: BAC) following Friday's much better-than-expected Q1 results. Despite the solid quarterly earnings, shares of BofA sold-off by about 5.5% on Friday.

• Citi raises its price target on shares of BofA from $23 to $26, reiterates a Buy
  
• UBS raises target from $20 to $21, maintains Buy
  
• Oppenheimer raises target from $21 to $23, maintains Outperform
  
• KBW raises target from $19 to $22, maintains Outperform
  
• FBR Capital raises target from $20 to $22, maintains Outperform
  
• Stifel Nicolaus raises target from $22 to $24, maintains Buy
  
• RBC Capital raises target from $20 to $21, maintains Outperform

BofA shares are continuing to move lower today; the stock last traded at $18.34, down 0.4% from Friday's closing price.

Check out our Analyst Ratings page to see all the analyst comments on shares of BofA.

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individual consumers, small- and middle-market businesses, large corporations, and governments in the United States and internationally.

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