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Analysts Offer Insights on Financial Companies: Bank of New York Mellon (BK) and Allstate (ALL)

Tipranks - Tipranks - Thu Apr 9, 8:04AM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Bank of New York Mellon (BK) and Allstate (ALL).

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Bank of New York Mellon (BK)

BMO Capital analyst Brennan Hawken reiterated a Buy rating on Bank of New York Mellon on April 6 and set a price target of $140.00. The company’s shares closed last Tuesday at $124.62.

According to TipRanks.com, Hawken is a 5-star analyst with an average return of 11.3% and a 57.7% success rate. Hawken covers the Financial sector, focusing on stocks such as Raymond James Financial, Ameriprise Financial, and Interactive Brokers. ;'>

Currently, the analyst consensus on Bank of New York Mellon is a Moderate Buy with an average price target of $135.79, a 10.2% upside from current levels. In a report issued on March 25, Bank of America Securities also maintained a Buy rating on the stock.

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Allstate (ALL)

In a report issued on April 6, Bob Huang from Morgan Stanley maintained a Hold rating on Allstate, with a price target of $215.00. The company’s shares closed last Tuesday at $210.53, close to its 52-week high of $212.91.

According to TipRanks.com, Huang has 0 stars on 0-5 stars ranking scale with an average return of -6.7% and a 41.1% success rate. Huang covers the Financial sector, focusing on stocks such as Neptune Insurance Holdings, Inc. Class A, Hamilton Insurance Group, Ltd. Class B, and Bowhead Specialty Holdings Inc. ;'>

Allstate has an analyst consensus of Moderate Buy, with a price target consensus of $239.00, which is a 14.6% upside from current levels. In a report issued on April 2, TD Cowen also maintained a Hold rating on the stock.

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