Morgan Stanley Maintains Underweight on Bank of New York Mellon, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an 'Underweight' rating on Bank of New York Mellon (NYSE:BK) and lowered the price target from $48 to $46.
October 03, 2023 | 2:00 pm
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Morgan Stanley has maintained an 'Underweight' rating on Bank of New York Mellon and lowered the price target from $48 to $46.
The 'Underweight' rating maintained by Morgan Stanley indicates a negative outlook for the stock. The lowering of the price target from $48 to $46 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100