Citigroup Downgrades Bank of New York Mellon to Neutral, Maintains Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz has downgraded Bank of New York Mellon (NYSE:BK) from Buy to Neutral while maintaining the price target at $65.

July 15, 2024 | 12:28 pm
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NEGATIVE IMPACT
Citigroup analyst Keith Horowitz downgraded Bank of New York Mellon from Buy to Neutral, maintaining the price target at $65.
The downgrade from Buy to Neutral by a major analyst like Citigroup is likely to have a negative short-term impact on Bank of New York Mellon's stock price. Maintaining the price target at $65 suggests that the analyst does not foresee significant upside potential in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100