Morgan Stanley Reiterates Underweight on Bank of New York Mellon, Maintains $49 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has reiterated an 'Underweight' rating on Bank of New York Mellon (NYSE:BK) and maintained a $49 price target.
July 05, 2023 | 12:09 pm
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Morgan Stanley has reiterated an 'Underweight' rating on Bank of New York Mellon, indicating a negative outlook for the stock.
The 'Underweight' rating from Morgan Stanley suggests that they believe the stock will underperform the market or its sector in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100