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Goldman Sachs cuts BNY Mellon to neutral with 5% upside [Seeking Alpha]

BANK of NEW YORK MELLON (BK)  More Company Research Source: Seeking Alpha
Last bank of new york mellon earnings: 7/19 06:30 am Check Earnings Report
PDF Goldman Sachs cuts BNY Mellon to neutral with 5% upsideAnalyst Alexander Blostein, sees "only modest" upside after the custodial bank'sinvestor day presentations.Although he does foresee a tailwind from rising interest rates, Blostein says there is limited scope of multiple expansion and uncertainty regarding top-line growth over the next couple of years.Goldman has a $60 price target, with Bank of New York Mellon (NYSE:BK) shares closing at $57.23 on Friday.Source: BloombergClick to subscribe to real-time analytics on BKNow read:Garrison Capital 2017 Q4 - Results - Earnings Call Slides » [Read more]

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