The Bank of New York Mellon Corporation (BK) Stock to return to profitability in the near future
Deutsche Bank lowered the price target for the The Bank of New York Mellon Corporation (NYSE:BK) stock from ‘a Buy’ to ‘a Hold’. The rating was released on May 19, 2023, according to finviz. We previously noted in another research note published on April 27, 2023 by JP Morgan that downgraded the stock from an Overweight to a Neutral with a price target of $51.50 for BK stock. The research report from Citigroup has downgraded the stock from Buy to Neutral, with a price target set at $50. The stock was downgraded by Wolfe Research, who disclosed in a research note on March 31, 2023, from Outperform to Peer Perform and set the price objective to $55.
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