JPMorgan slightly adjusted its outlook on Bank of America (BAC), raising the firm’s price target from $61 to $61.50 while maintaining an Overweight rating on the shares.

  • The bullish perspective supports BAC, which recently hit a 52-week high of $57.55.
  • Despite the positive analyst coverage, shares are trading slightly down today, currently at $56.35, a decline of 0.31%.