Truist raised the firm’s price target on BNY Mellon (BK) to $119 from $118 and keeps a Hold rating on the shares as part of a broader research note on Trust Banks & Capital Markets. The firm notes that its estimates trend slightly higher on stronger activity levels and flows, also citing the company’s stronger net interest income following the increased guidance for Q4 as well as marginally lower expenses, the analyst tells investors in a research note.
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