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Analysts Offer Insights on Financial Companies: Bank of America (BAC), Berkshire Hills (BHLB) and Manulife Financial (MFC)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Bank of America (BACResearch Report), Berkshire Hills (BHLBResearch Report) and Manulife Financial (MFCResearch Report).

Bank of America (BAC)

RBC Capital analyst Gerard Cassidy maintained a Buy rating on Bank of America on January 21 and set a price target of $51.00. The company’s shares closed last Friday at $44.92.

According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 29.9% and a 80.2% success rate. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Fifth Third Bancorp, and Goldman Sachs Group.

Currently, the analyst consensus on Bank of America is a Moderate Buy with an average price target of $52.21, which is a 14.6% upside from current levels. In a report issued on January 20, Evercore ISI also maintained a Buy rating on the stock with a $52.00 price target.

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Berkshire Hills (BHLB)

In a report issued on January 21, Jon Arfstrom from RBC Capital maintained a Hold rating on Berkshire Hills, with a price target of $33.00. The company’s shares closed last Friday at $29.55, close to its 52-week high of $31.78.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 27.3% and a 62.2% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Discover Financial Services.

Berkshire Hills has an analyst consensus of Hold, with a price target consensus of $31.50, implying a 3.9% upside from current levels. In a report issued on January 9, KBW also initiated coverage with a Hold rating on the stock with a $30.00 price target.

Manulife Financial (MFC)

In a report issued on January 21, Darko Mihelic from RBC Capital maintained a Hold rating on Manulife Financial, with a price target of C$29.00. The company’s shares closed last Friday at $20.06.

According to TipRanks.com, Mihelic is a 5-star analyst with an average return of 10.5% and a 73.2% success rate. Mihelic covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Manulife Financial with a $25.28 average price target, implying a 24.5% upside from current levels. In a report issued on January 12, Evercore ISI also reiterated a Hold rating on the stock with a C$30.00 price target.

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