Morgan Stanley Maintains Underweight on Bank of New York Mellon, Raises Price Target to $48
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Morgan Stanley analyst Betsy Graseck maintains an Underweight rating on Bank of New York Mellon (NYSE:BK) and raises the price target from $47 to $48.
June 01, 2023 | 11:42 am
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Morgan Stanley maintains an Underweight rating on Bank of New York Mellon (NYSE:BK) and raises the price target from $47 to $48.
The news directly mentions Bank of New York Mellon (NYSE:BK) and the updated price target by Morgan Stanley. While the price target has been raised, the Underweight rating remains unchanged, indicating that the analyst still expects the stock to underperform. This may have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100