|
|
|
|
|||||
|
|
|
Bank of America Corporation (NYSE:BAC) is one of the most undervalued blue chip stocks to buy according to hedge funds. Phillip Securities downgraded Bank of America Corporation (NYSE:BAC) to Accumulate from Buy on July 25, raising the price target to $50 from $45.
The firm told investors that Bank of America Corporation’s (NYSE:BAC) valuation after the recent share rally was the primary reason behind the downgrade. It anticipates the bank’s investment fees and net interest income to support earnings.
Bank of America Corporation (NYSE:BAC) is a bank and financial holding company that operates in the Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, and Global Markets segments.
While we acknowledge the potential of BAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
| 3 hours | |
| 5 hours | |
| 13 hours | |
| Jul-30 | |
| Jul-30 | |
| Jul-30 | |
| Jul-30 | |
| Jul-30 | |
| Jul-30 | |
| Jul-29 | |
| Jul-29 | |
| Jul-29 | |
| Jul-29 | |
| Jul-28 | |
| Jul-28 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite