Morgan Stanley Maintains Equal-Weight on Bank of New York Mellon, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Bank of New York Mellon (NYSE:BK) while raising the price target from $72 to $78.
September 30, 2024 | 4:27 pm
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Morgan Stanley has maintained an Equal-Weight rating on Bank of New York Mellon and increased the price target from $72 to $78, indicating a positive outlook.
The increase in price target from $72 to $78 by Morgan Stanley suggests a positive outlook for Bank of New York Mellon, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target shows confidence in the company's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100