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From: Julius Wong	1/17/2025 3:38:39 PM
	1 Recommendation Recommended By Return to Sender of 8255

BofA spotlights four bulls and two bears: LLY, TGT, PYPL, MCK, AR, and EWBC Jan. 17, 2025 10:51 AM ET By: Jason Capul, SA News Editor TERADAT SANTIVIVUT Bank of America recently shared its analysis on six stocks, expressing a bullish outlook on four of them and a bearish stance on the remaining two. The stocks that the financial institution is optimistic about include PayPal (NASDAQ: PYPL), McKesson (NYSE: MCK), Antero Resources ( AR), and East West Bancorp ( EWBC). Conversely, Bank of America has a more cautious view on Eli Lilly (NYSE: LLY) and Target (NYSE: TGT), reflecting a bearish perspective on these two companies. See the price targets BofA placed on the above mentioned six names followed by what it had to say about each stock: The Bulls PayPal ( PYPL): Price Target of $100 - $103 and $119 -$123 “PYPL is transaction and payment processing services stock that shows a bullish turn in trend both relative to the SPX and on an absolute price basis. Holding the 86 to 81 range would suggest a bullish flag with upside potential beyond the December high at 93.66 toward chart resistances at 100-103 and even 119-123.” PayPal currently trades at $88.92 and is +4.1% in 2025. McKesson ( MCK): Price Target of $790 - $800 “MCK is forming a bullish cup and handle pattern. Rising weekly MAs underpin this bullish setup in the 584 to 559 range with the most recent higher low at 558. A decisive break above 631-638 would confirm the cup and handle for upside potential to 790-800.” McKesson trades at $595.19 and is +4.4% in 2025. Antero Resources ( AR): Price Target of $51 - $52 “AR has broken out from a late 2022 into early 2025 big base. Holding the breakout point in the 36 area and the early January upside gap at 34.17-33.36 would keep the pattern bullish with upside potential to the 2022 peaks at 45.33 and 48.80 and then toward the big base pattern count at 51-52.” Antero Resources trades at $40.57 and is +15.7% in 2025. East West Bancorp ( EWBC): Price Target of $120 and $147 “EWBC broke out from an early 2022 into mid 2024 head and shoulders bottom that favors further upside to 120. The stock also completed a big base with upside potential to 147. Continuing to hold big support from 93.50 to 89.75 would suggest a bullish breakout and retest pattern. Rising 26- and 40 week Mas from the 92 to 85 areas underpin the bullish backdrop for EWBC.” East West Bancorp trades at $99.49 and is +3.9% in 2025. The Bears Eli Lilly ( LLY): Price Target of $500 -$471 “LLY has weakened on a relative basis versus the SPX and is at risk to break down from an early 2024 into 2025 topping formation. The immediate risk is to break support from 747 to 718-711 and confirm the top. If this occurs, LLY shows downside risk toward 500-471. Eli Lilly currently trades at $757.60 and is -1.8% in 2025. Target ( TGT): Price Target of $107 - $103 “TGT is breaking lower from a late November into mid January bearish flag. This pattern suggests risk below the late November low at 120 toward the late 2023 lows in the 107 to 103 range.” Target currently trades at $133.25 and is -1.4% in 2025.

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