Morgan Stanley raised the firm’s price target on BNY Mellon (BK) to $124 from $118 and keeps an Overweight rating on the shares. The firm is marking to market its model to reflect Q4 trends and the company’s latest guidance issued at last week’s industry conference, the analyst tells investors.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BK:
- JPMorgan Just Seeded $100 Million on Ethereum. Is Tokenized Cash the Only Way to Survive the Genius Act?
- BNY Mellon Elects Charles F. Lowrey to Board
- BNY Mellon appoints Charles Lowrey to board of directors
- BNY Mellon lowers prime lending rate to 6.75% from 7.00%
- BNY Mellon sees Q4 NII up mid-single digits q/q