BNY Mellon price target raised to $100 from $96 at Wells Fargo

Wells Fargo raised the firm’s price target on BNY Mellon (BK) to $100 from $96 and keeps an Equal Weight rating on the shares. The company reported a solid Q2 beat with good sales growth and improving organic fee growth, the analyst tells investors in a research note. Wells upped BNY’s estimates and price target to reflect the better results this quarter and improving trends.