The Latest Analyst Ratings for Bank of New York Mellon
Portfolio Pulse from Benzinga Insights
In the last quarter, Bank of New York Mellon (NYSE:BK) received 1 bullish and 3 somewhat bearish ratings from analysts. The average 12-month price target for the company is $49.5, representing a 2.94% decrease from the previous average price target of $51.00.
October 03, 2023 | 3:00 pm
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NEGATIVE IMPACT
Bank of New York Mellon received more somewhat bearish ratings than bullish, and the average price target has decreased, which could negatively impact the stock price.
Analyst ratings can significantly influence investor sentiment. In this case, the majority of the ratings are somewhat bearish, and the average price target has decreased, which could lead to a negative sentiment and potentially a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100