Wells Fargo Maintains Equal-Weight on Bank of New York Mellon, Raises Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Whit Mayo has maintained an Equal-Weight rating on Bank of New York Mellon (NYSE:BK) and raised the price target from $69 to $79.
October 14, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on Bank of New York Mellon and increased the price target from $69 to $79, indicating a positive outlook.
The increase in the price target from $69 to $79 by Wells Fargo 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 price is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100