3 PR Scandals Creating Intriguing Buying Opportunities
If you're an investor, arguably the last thing you want or expect to see from any of the companies you own is a scandal or public relations nightmare. But let's face the facts: It happens from time to time.
Usually when a company or its management team is alleged of wrongdoing, it becomes a red flag for Wall Street and investors, and as you might expect, it tends to have a decisively negative impact on the share price of a stock in question. Sometimes these PR flubs turn into genuine nightmares for investors, while others tend to blow over and create excellent buying opportunities.
Put plainly, it's impossible to predict which side of the dial a PR scandal will land in (Dumpster fire or buying opportunity) with perfect accuracy. Nevertheless, I would suggest that three recent scandals present an intriguing buying opportunity for long-term investors with an open mind.
Source: Fool.com
Bank of America Corp. Stock
Currently there is a rather positive sentiment for Bank of America Corp. with 27 Buy predictions and 5 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 10.61% for Bank of America Corp. compared to the current price of 37.97 €.
