Expert Ratings for Bank of New York Mellon
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon (NYSE:BK) has received 1 bullish and 3 somewhat bearish ratings from analysts in the last quarter. The average 12-month price target for the company is $50.25, representing a 1.95% decrease from the previous average price target of $51.25.

September 15, 2023 | 5:00 pm
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NEGATIVE IMPACT
Bank of New York Mellon has received more somewhat bearish ratings than bullish, which could potentially impact its stock price negatively in the short term. The decrease in the average price target also suggests a potential downside.
Analyst ratings are a significant factor that investors consider when making investment decisions. The fact that Bank of New York Mellon has received more somewhat bearish ratings than bullish in the last quarter suggests that analysts are not very optimistic about the company's performance in the near future. Additionally, the decrease in the average price target indicates that analysts expect the stock price to go down, which could potentially lead to a decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100