Deutsche Bank analyst Brian Bedell raised the firm’s price target on BNY Mellon to $51 from $47 and keeps a Hold rating on the shares. The analyst also placed a "Buy Catalyst Call" on the shares as a short-term investment idea, hedged against Northern Trust (NTRS). BNY should outperform Northern Trust during the Q4 earnings season and is positioned best versus consensus expectations, Bedell tells investors in a research note.
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Published first on TheFly
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