Jefferies & Company, Inc. Initiates Coverage Of Bank Of New York Mellon Corporation (BK) With Buy Rating

Analysts at Jefferies & Company, Inc. have initiated coverage of Bank of New York Mellon Corporation BK with Buy rating. The price target for the company has been set at $35. Analysts believe that Bank of New York Mellon represents a compelling combination of value and growth. Analysts say that among its peers, the company is most levered to higher interest rates. As a result, several of its segments are set to accelerate as global markets improve.