Morgan Stanley Maintains Underweight on Bank of New York Mellon, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Underweight rating on Bank of New York Mellon (NYSE:BK) and raises the price target from $48 to $49.
June 16, 2023 | 12:48 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Underweight rating on Bank of New York Mellon (NYSE:BK) and raises the price target from $48 to $49.
The news of Morgan Stanley maintaining an Underweight rating on Bank of New York Mellon and raising the price target from $48 to $49 is directly related to the company. However, the impact on the stock price is expected to be neutral in the short term as the rating remains unchanged and the price target increase is marginal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100