TD Cowen Raises Bank of America (BAC) PT Citing Solid Earnings Outlook, Favorable Repricing Trends

Group 1 - Bank of America Corporation (NYSE:BAC) is considered one of the cheap S&P 500 stocks to invest in currently, with TD Cowen raising its price target to $66 from $64 and maintaining a Buy rating [1] - HSBC upgraded Bank of America from Hold to Buy, setting a price target of $50, viewing the recent stock pullback as a prime investment opportunity due to strong earnings outlook and attractive valuation [2] - TD Cowen's earnings preview for Q4 2025 indicates solid results for the banking group, driven by expanding balance sheets and favorable repricing trends, with durable tailwinds expected for 2026 [1][2] Group 2 - Wolfe Research analyst downgraded Bank of America to Peer Perform from Outperform on January 7, indicating mixed sentiments in the market regarding the stock [3] - Bank of America provides a wide range of financial products and services to individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments globally [3]