The Latest Analyst Ratings for Bank of New York Mellon
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 4 Wall Street analysts have rated Bank of New York Mellon (NYSE:BK) as mostly bearish, with 3 somewhat bearish ratings and 1 indifferent. The average price target is $46.5, which is below the current price of $48.3399, indicating a potential downside. This target has decreased by 1.06% from the previous target of $47.00. Analysts' ratings are based on predictions of a company's future earnings and revenue, and are updated quarterly or after major company events.
December 01, 2023 | 2:00 pm
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Analysts have given Bank of New York Mellon a bearish outlook with a lower average price target than the current stock price, indicating a potential downside.
The bearish sentiment from analysts, reflected in the somewhat bearish ratings and the price target below the current stock price, suggests that the stock may face downward pressure in the short term. The decrease in the average price target further supports the potential for a negative impact on the stock price. However, as analyst ratings are opinions and not guarantees, the confidence level is not at the maximum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100