The Analyst Landscape: 4 Takes On Bank of New York Mellon
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon (NYSE:BK) received mixed analyst ratings over the past three months, with a total of 1 bullish, 1 somewhat bullish, 1 indifferent, and 1 somewhat bearish rating. The average 12-month price target for BK is $56.62, marking an 11.74% increase from the previous target of $50.67. Analysts from Morgan Stanley, UBS, and JP Morgan have raised their price targets, with Morgan Stanley also issuing an underweight rating. BNY Mellon is a global investment company with $44.3 trillion in custody and administration and $1.8 trillion in assets managed. However, the company has seen a -1.45% decline in revenue growth and below-average net margin and ROE, indicating potential profitability and efficiency challenges.
January 30, 2024 | 12:00 pm
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Bank of New York Mellon has received mixed analyst ratings with an updated average price target of $56.62, reflecting a potential upside. However, the company's recent revenue decline and below-average profitability metrics may temper investor enthusiasm.
The mixed analyst ratings and the increase in the average price target suggest a neutral short-term impact on BK's stock price. The positive price target revision could indicate an upside, but this is balanced by concerns over the company's recent revenue decline and below-average profitability metrics, which may limit stock price growth.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100