Citigroup Maintains Buy on Bank of New York Mellon, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz maintains a Buy rating on Bank of New York Mellon (NYSE:BK) but lowers the price target from $58 to $55.
July 19, 2023 | 12:10 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Bank of New York Mellon but lowers the price target from $58 to $55.
The news is directly related to Bank of New York Mellon. While the Buy rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the stock. However, the impact on the stock price is uncertain in the short term as it depends on how investors interpret this information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Citigroup analyst Keith Horowitz maintains a Buy rating on Bank of New York Mellon but lowers the price target.
Citigroup is indirectly involved in the news as its analyst provided the rating and price target. The news might not have a significant impact on Citigroup's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50