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UBS Cuts Price Target on Bank of New York (BK) to $45 Following 2Q
July 22, 2016 9:27 AM EDTUBS maintained a Buy rating on Bank of New York Mellon (NYSE: BK), and cut the price target to $45.00 (from $46.00), following the company's 2Q earnings report. UBS has cut 2016 EPS estimates by 8c to $3.00 due to NII pressure that more than offsets the 2Q beat.... More
