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Goldman Sachs Lowers Bank of America (BAC) Price Target to $57
Goldman Sachs has lowered its price target for Bank of America (BAC) to $57 from $67, while maintaining a Buy rating. This adjustment comes as new proposals from US regulators concerning Basel III Endgame are expected to positively impact large-cap banks by potentially reducing capital requirements. Separately, Bank of America recently settled a civil lawsuit related to Jeffrey Epstein, with the bank denying deeper involvement while affirming its focus on standard banking services.