Deutsche Bank Upgrades Bank of New York Mellon to Buy, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has upgraded Bank of New York Mellon (NYSE:BK) from Hold to Buy, increasing the price target from $66 to $80.
September 23, 2024 | 12:00 pm
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Deutsche Bank has upgraded Bank of New York Mellon from Hold to Buy, with a new price target of $80, up from $66.
The upgrade from Hold to Buy by Deutsche Bank, along with a significant increase in the price target, suggests a positive outlook for Bank of New York Mellon. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100