Rochdale's Dick Bove Cuts BNY Mellon (BK) to Neutral, Shares Edge Lower

January 25, 2012 1:49 PM EST
Get Alerts BK Hot Sheet
Price: $137.16 --0%

Rating Summary:
    19 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 6 | New: 26
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Rochdale's Dick Bove issued an intraday downgrade on shares of Bank of New York Mellon (NYSE: BK) Wednesday. The stock has pushed to session lows following the lowered investment rating, now down 2.3 percent to $20.75.

Bove now rates Bank of New York Mellon shares a Neutral, down from Buy previously. The analyst also reduced his price target from $24 to $21.

For an analyst ratings summary and ratings history on Bank of New York Mellon click here. For more ratings news on Bank of New York Mellon click here.


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