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Analysts Have Conflicting Sentiments on These Financial Companies: American Tower (AMT), Bank of America (BAC) and Bank of New York Mellon Corporation (BK)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on American Tower (AMTResearch Report), Bank of America (BACResearch Report) and Bank of New York Mellon Corporation (BKResearch Report).

American Tower (AMT)

In a report released today, Brandon Nispel from KeyBanc maintained a Buy rating on American Tower, with a price target of $283.00. The company’s shares closed last Thursday at $255.59.

Nispel has an average return of 18.8% when recommending American Tower.

According to TipRanks.com, Nispel is ranked #629 out of 7905 analysts.

American Tower has an analyst consensus of Strong Buy, with a price target consensus of $290.88, implying a 15.6% upside from current levels. In a report issued on June 22, Credit Suisse also initiated coverage with a Buy rating on the stock with a $313.00 price target.

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Bank of America (BAC)

In a report released today, Mike Mayo from Wells Fargo maintained a Buy rating on Bank of America, with a price target of $55.00. The company’s shares closed last Thursday at $31.13, close to its 52-week low of $30.64.

According to TipRanks.com, Mayo is a 5-star analyst with an average return of 9.6% and a 57.1% success rate. Mayo covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, JPMorgan Chase & Co., and Fifth Third Bancorp.

Bank of America has an analyst consensus of Moderate Buy, with a price target consensus of $46.29, representing a 48.5% upside. In a report issued on June 28, RBC Capital also maintained a Buy rating on the stock with a $45.00 price target.

Bank of New York Mellon Corporation (BK)

RBC Capital analyst Gerard Cassidy maintained a Hold rating on Bank of New York Mellon Corporation today and set a price target of $49.00. The company’s shares closed last Thursday at $41.71, close to its 52-week low of $40.26.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 22.3% and a 66.3% success rate. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Goldman Sachs Group, and Fifth Third Bancorp.

Currently, the analyst consensus on Bank of New York Mellon Corporation is a Moderate Buy with an average price target of $52.04, representing a 25.2% upside. In a report issued on June 24, Piper Sandler also maintained a Hold rating on the stock with a $48.00 price target.

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