Morgan Stanley Maintains Underweight on Bank of New York Mellon, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Underweight rating on Bank of New York Mellon (NYSE:BK) and lowers the price target from $49 to $48.
September 15, 2023 | 1:09 pm
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Morgan Stanley maintains an Underweight rating on Bank of New York Mellon and lowers the price target from $49 to $48.
The lowered price target by Morgan Stanley indicates a bearish outlook for Bank of New York Mellon. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100