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Analysts Offer Insights on Financial Companies: Independent Bank (INDB), Bank of New York Mellon (BK) and Marsh & McLennan Companies (MRSH)

Tipranks - Sat Apr 18, 6:32AM CDT

Analysts fell to the sidelines weighing in on Independent Bank (INDB), Bank of New York Mellon (BK) and Marsh & McLennan Companies (MRSH) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Independent Bank (INDB)

Piper Sandler analyst Justin Crowley maintained a Hold rating on Independent Bank today and set a price target of $84.00. The company’s shares closed last Thursday at $78.41.

According to TipRanks.com, Crowley is a 5-star analyst with an average return of 16.9% and a 87.3% success rate. Crowley covers the Financial sector, focusing on stocks such as Chain Bridge Bancorp, Inc. Class A, Beacon Financial Corporation, and Northeast Community Bancorp. ;'>

Currently, the analyst consensus on Independent Bank is a Moderate Buy with an average price target of $88.80, representing an 11.8% upside. In a report released today, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $87.00 price target.

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Bank of New York Mellon (BK)

In a report released yesterday, Gerard Cassidy from RBC Capital maintained a Hold rating on Bank of New York Mellon, with a price target of $142.00. The company’s shares closed last Thursday at $134.84.

According to TipRanks.com, Cassidy is a 5-star analyst with an average return of 14.2% and a 70.5% success rate. Cassidy covers the Financial sector, focusing on stocks such as Goldman Sachs Group, Fifth Third Bancorp, and Citizens Financial. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank of New York Mellon with a $137.83 average price target, representing a 2.3% upside. In a report issued on April 10, TipRanks – OpenAI also downgraded the stock to Hold with a $140.00 price target.

Marsh & McLennan Companies (MRSH)

RBC Capital analyst Rowland Mayor maintained a Hold rating on Marsh & McLennan Companies yesterday and set a price target of $200.00. The company’s shares closed last Thursday at $182.57.

According to TipRanks.com, Mayor is a 1-star analyst with an average return of -0.3% and a 63.6% success rate. Mayor covers the Financial sector, focusing on stocks such as International General Insurance Holdings, Bowhead Specialty Holdings Inc., and American International Group. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marsh & McLennan Companies with a $203.19 average price target, a 14.0% upside from current levels. In a report released yesterday, TipRanks – Google also downgraded the stock to Hold with a $191.00 price target.

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