BNY Mellon price target lowered to $55 from $58 at Citi

Citi lowered the firm’s price target on BNY Mellon to $55 from $58 and keeps a Buy rating on the shares post the Q2 results. Although fees continue to face some headwinds, the company seems to be delivering on bending the expense curve, the analyst tells investors in a research note. The firm says BNY remains in a strong capital position.