UBS Maintains Buy on Bank of New York Mellon, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken has reaffirmed a Buy rating on Bank of New York Mellon (NYSE:BK) and increased the price target from $54 to $62.
January 09, 2024 | 3:40 pm
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POSITIVE IMPACT
UBS has maintained a Buy rating on Bank of New York Mellon and raised the price target from $54 to $62.
The increase in price target by UBS reflects a positive outlook on Bank of New York Mellon's future performance. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100