There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Bank of America (BAC – Research Report), Renaissancere Holdings (RNR – Research Report) and Healthequity (HQY – Research Report) with bullish sentiments.
Bank of America (BAC)
J.P. Morgan analyst Vivek Juneja maintained a Buy rating on Bank of America today. The company’s shares closed last Tuesday at $30.56.
According to TipRanks.com, Juneja is a 4-star analyst with an average return of 9.2% and a 50.3% success rate. Juneja covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Fifth Third Bancorp, and Citizens Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank of America with a $36.25 average price target, implying a 17.7% upside from current levels. In a report issued on April 12, Barclays also assigned a Buy rating to the stock with a $39.00 price target.
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In a report released today, Allen Lutz from Bank of America Securities maintained a Buy rating on Healthequity, with a price target of $85.00. The company’s shares closed last Tuesday at $58.28.
According to TipRanks.com, Lutz is a 1-star analyst with an average return of -3.3% and a 47.6% success rate. Lutz covers the Technology sector, focusing on stocks such as Definitive Healthcare Corp, American Well, and Doximity.
Healthequity has an analyst consensus of Strong Buy, with a price target consensus of $79.78, implying a 35.9% upside from current levels. In a report issued on April 10, SVB Securities also reiterated a Buy rating on the stock with a $76.00 price target.
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