Stock Market Video News
Morgan Stanley Lowered Its PT For Bank of America To $19
Publish Date: 06/30/2011 09:02 EST
Short News Description: Morgan Stanley lowered its price target to $19 from $20 for Bank of America (NYSE:BAC) and maintained its overweight rating on the stock. The bank sees a 2011 loss of $0.03 per share and 2013 EPS of $2.68. Bank of America has a potential upside of 54.2% based on a current price of $10.9 and an average consensus analyst price target of $16.81. Bank of America is currently below its 50-day moving average (MA) of $11.53 and below its 200-day MA of $12.81.