Analysts’ Top Financial Picks: BNY Mellon (BK)

There’s a lot to be optimistic about in the Financial sector as 1 analysts just weighed in on and BNY Mellon (BKResearch Report) with bullish sentiments.

BNY Mellon (BK)

In a report issued on March 18, Ken Usdin from Jefferies maintained a Buy rating on BNY Mellon, with a price target of $72.00. The company’s shares closed last Monday at $48.07, close to its 52-week low of $45.80.

According to TipRanks.com, Usdin is a top 100 analyst with an average return of 21.2% and a 67.3% success rate. Usdin covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Texas Capital Bancshares, and Huntington Bancshares.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BNY Mellon with a $61.36 average price target, a 27.8% upside from current levels. In a report issued on April 7, Deutsche Bank also maintained a Buy rating on the stock with a $62.00 price target.

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