http://www.americanbankingnews.com/getthestreet reiterated their buy rating on shares of Bank of New York Mellon (NYSE: BK) in a research note issued to investors on Friday.
“Bank of New York Mellon (BK) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
,” TheStreet’s analyst wrote.
Bank of New York Mellon traded up 0.71% on Friday, hitting $28.19. Bank of New York Mellon has a 1-year low of $19.30 and a 1-year high of $28.45. The stock’s 50-day moving average is currently $27.11. The company has a market cap of $32.799 billion and a price-to-earnings ratio of 13.79.
BK has been the subject of a number of other recent research reports. Analysts at Guggenheim downgraded shares of Bank of New York Mellon from a buy rating to a neutral rating in a research note to investors on Tuesday, February 5th. They now have a $28.00 price target on the stock, down previously from $30.00. They noted that the move was a valuation call. Separately, analysts at Barclays Capital cut their price target on shares of Bank of New York Mellon from $32.00 to $30.00 in a research note to investors on Thursday, January 17th. They now have an overweight rating on the stock. Finally, analysts at Bank of America cut their EPS estimates on shares of Bank of New York Mellon in a research note on Thursday. They now have a neutral rating and a $26.00 price target on the stock.
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