TD Cowen raised the firm’s price target on BNY Mellon (BK) to $133 from $130 and keeps a Buy rating on the shares. The firm updated its model following solid Q3 results with the company delivering strong and better than expected revenue, cost control, an expanding NIM, improved efficiency, and robust and improving profit margins and ROTCE.
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- Buy Rating for Bank of New York Mellon: Strong Position, Attractive Risk/Reward, and Growth Potential
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