Oppenheimer significantly raised its price target for Bank of America (BAC) from $55 to $63, citing expectations for a 'Goldilocks' 2026 setup driven by stabilizing rates and cooling inflation.
- The firm anticipates improved net interest margins (NIM) and a strong resurgence in investment banking activity.
- BAC closed the trading day at $54.22, continuing a recent downtrend despite the positive analyst action.
- The company is scheduled to report its Q4 earnings on January 14, 2026.