B of A Securities Maintains Buy on Bank of New York Mellon, Raises Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ebrahim Poonawala has maintained a Buy rating on Bank of New York Mellon (NYSE:BK) and raised the price target from $64 to $66.
April 17, 2024 | 11:56 am
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POSITIVE IMPACT
B of A Securities maintains a Buy rating on Bank of New York Mellon and increases the price target to $66.
The upgrade in price target by a reputable analyst like Ebrahim Poonawala from B of A Securities typically signals a positive outlook on the stock, suggesting an expectation of outperformance in the short term. This can lead to increased investor confidence and potential upward movement in the stock's price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100