Evercore ISI raised the firm's price target on BNY Mellon to $145 from $136 and keeps an In Line rating on the shares. The bullish sentiment around capital markets is palpable, with significant growth in equity markets, robust M&A activity, and strong trading volumes, especially as companies focus on harnessing AI, the analyst tells investors in a research note. The firm added that, despite challenges in private markets and ongoing adjustments in direct lending, the overall landscape remains promising, creating an environment ripe for continued investment.
