BNY Mellon (BK) Gets a Buy Rating from Deutsche Bank
Deutsche Bank analyst Brian Bedell maintained a Buy rating on BNY Mellon (BK) today and set a price target of $58. The company’s shares opened today at $52.55.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 3.2% and a 51.0% success rate. Bedell covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Affiliated Managers, and Franklin Resources.
BNY Mellon has an analyst consensus of Moderate Buy, with a price target consensus of $56.50.
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The company has a one-year high of $58.22 and a one-year low of $43.67. Currently, BNY Mellon has an average volume of 5.45M.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.
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The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Investment Management, Investment Services, and Other.