Evercore ISI analyst Glenn Schorr raised the firm’s price target on BNY Mellon (BK) to $83 from $79 and keeps an In Line rating on the shares following what the firm calls “a mostly in-line quarter which capped off a good year.” The outlook was “positive enough, combining with probably some level of a short squeeze” to account for the stock having popped 8% yesterday following earnings, the analyst tells investors.
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Read More on BK:
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