JPMorgan Boosts BNY Price Target to $161, Sees Potential Upside
Bank of New York Mellon (NYSE:BNY) stock has received an updated price target from JPMorgan Chase & Co. The new target is $161, a boost from its previous estimate of $159.
The firm currently maintains an 'overweight' rating on the bank's shares, indicating potential growth opportunities.
A 11.23% increase in value is predicted based on this revised target price, which translates to a potential upside for investors.