Bank of America names new Oklahoma City president, adjusts chip ratings with $85 and $230 targets
Bank of America named Olena Lifset Oklahoma City president, succeeding Tony Shinn and overseeing nine branches, 33 ATMs and roughly $4 billion in deposits. Separately, BofA analysts upgraded ON Semiconductor to Buy (PT $85) and downgraded NXP Semiconductors to Neutral (PT $230) citing AI exposure gaps.
1. Oklahoma City Leadership Transition
Bank of America promoted Olena Lifset, previously a Global Commercial Banking market executive, to president of the Oklahoma City market. Lifset succeeds Tony Shinn, who retires after 20 years, and will manage nine branches, 33 ATMs and nearly $4 billion in deposits to drive growth in the region.
2. Semiconductor Rating Revisions
BofA equity analysts upgraded ON Semiconductor to Buy with an $85 price target and downgraded NXP Semiconductors to Neutral with a $230 target. The upgrade reflects ON’s strong free-cash-flow yield and AI-driven growth potential, while the downgrade stems from NXP’s limited AI exposure and lower earnings leverage.