Daiwa Capital Markets reduced its price target for Bank of America (NYSE:BAC) from $66.00 to $62.00 in a research note issued Tuesday.
The firm maintained its "buy" rating on the financial services provider's stock.
The new $62.00 price objective suggests a potential upside of 19.25% from the stock's current price.
Other analysts have recently issued reports on BAC, including price objectives set by Evercore ISI and Piper Sandler earlier in January.