Citi raised the firm’s price target on BNY Mellon (BK) to $136 from $120 and keeps a Neutral rating on the shares following the Q4 report. The firm cites the company’s “strong” outlook for the target bump but sees no upside to estimates over the medium term.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BK:
- BNY Mellon price target raised to $143 from $132 at Keefe Bruyette
- BNY Mellon: High-Quality, AI-Enabled Franchise Trading at a Discount With Upside to Earnings and Returns
- BNY Mellon (BK) Earnings Call Signals Higher Ambitions
- Midday Fly By: JPMorgan reports mixed Q4, L3Harris to form new missile company
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!