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 price target of $49.
July 19, 2023 | 2:05 pm
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Morgan Stanley has reiterated an 'Underweight' rating on Bank of New York Mellon, indicating a potential downside.
The 'Underweight' rating from Morgan Stanley suggests that they believe the stock will underperform the market in the near future. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100