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Fly News Breaks for January 21, 2020
BAC
Jan 21, 2020 | 08:38 EDT
As previously reported, Atlantic Equities analyst John Heagerty downgraded Bank of America to Neutral from Overweight with a $36 price target, noting that the bank's share price had a "strong run" by rising 25% from early October through to the close on Friday. While the bank delivered good Q4 results, much of its beat was driven by tax and its net interest income guidance for 2020 was "subdued," Heagerty added.
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