Bank of New York (BK) Tops Q3 EPS by 3c

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Goldman Sachs Upgrades Bank of New York Mellon (BK) to Neutral

October 20, 2014 6:56 AM EDT

Goldman Sachs upgraded Bank of New York Mellon (NYSE: BK) from Sell to Neutral with a price target of $34.00 (from $35.00).

Analyst Alexander Blostein said, "We see limited downside to BK. Management is making progress on costs, while BKs 13.5X P/E seems to... More