Bank of America price target lowered to $31 from $32 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Bank of America to $31 from $32 and keeps a Buy rating on the shares. The company’s operating trends in Q3 were better than feared with a net interest income guidance raise, the analyst tells investors in a research note. The firm sees the results “once again assuaging many fears” around Bank of America’s asset sensitivity, at least in the near-term.