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Vining Sparks Sticks to Their Buy Rating for BNY Mellon (BK)


In a report released today, Marty Mosby from Vining Sparks maintained a Buy rating on BNY Mellon (NYSE: BK), with a price target of $62. The company’s shares opened today at $52.45.

According to TipRanks.com, Mosby is a top 100 analyst with an average return of 15.8% and a 73.7% success rate. Mosby covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Goldman Sachs Group Inc, and Fifth Third Bancorp.

BNY Mellon has an analyst consensus of Moderate Buy, with a price target consensus of $57.33.

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The company has a one-year high of $58.99 and a one-year low of $49.39. Currently, BNY Mellon has an average volume of 5.26M.

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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.