BNY Mellon price target raised to $97 from $90 at Morgan Stanley

Morgan Stanley analyst Betsy Graseck raised the firm’s price target on BNY Mellon (BK) to $97 from $90 and keeps an Overweight rating on the shares after the company delivered “a strong beat driven by NII,” paired with upbeat guidance that the firm sees “signaling another year of positive operating leverage ahead.” Following the report, the firm is raising its 2025 EPS view by 70c, or 11%, to $7.31, mainly on higher net interest income and a lower tax rate, the analyst tells investors.