RBC Capital Reiterates Sector Perform on Bank of New York Mellon, Maintains $58 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gerard Cassidy has reiterated a 'Sector Perform' rating on Bank of New York Mellon (NYSE:BK) and maintained a price target of $58.

March 27, 2024 | 2:46 pm
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RBC Capital maintains a 'Sector Perform' rating and a $58 price target on Bank of New York Mellon.
The reiteration of the 'Sector Perform' rating and maintenance of the $58 price target by RBC Capital suggests a neutral outlook on the stock. This indicates that the analyst believes the stock is fairly valued at its current price level, neither undervalued nor overvalued. Therefore, the short-term impact on the stock price is likely to be minimal, as the market has likely already priced in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100