UPDATE: Guggenheim Securities Reiterates on The Bank of New York Mellon as Improvement is Still Off in the Distance
December 03, 2013 at 11:34 AM EST
In a report published Tuesday, Guggenheim Securities analyst Marty Mosby reiterated a Buy rating on The Bank of New York Mellon Corporation (NYSE: BK ), and raised the price target from $36.00 to $40.00. In the report, Guggenheim Securities noted, “Until short-term interest rates are expected to rise soon or