Deutsche Bank analyst Brian Bedell raised the firm’s price target on BNY Mellon (BK) to $94 from $85 and keeps a Buy rating on the shares as part of a 2025 outlook for the brokers, asset managers and exchanges sector. The firm sees a relatively good setup for the majority of its coverage in 2025, with the potential for a third straight year of 20%-plus total return in U.S. equity markets. Key thematic drivers already broadly discussed across the marketplace should be greater capital markets activity broadly, potential for lighter regulation which could foster product innovation and greater deployment of capital, and potential for lower individual and corporate taxation, the analyst tells investors in a research note.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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