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Bove Boosts Bank of America Price Target

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Rochdale Securities Analysts Richard Bove raised his price target for shares of Bank of America to $25 from $19 a share, Reuters reported Tuesday.

The rise reflects Bove’s confidence in the strength of the bank’s financial position, Reuters said.

Shares of Bank of America are expected to sell more closely aligned with book value, Bove said.

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Disclosure information was not available for Richard Bove or his company.

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