By: Benzinga
March 04, 2013 at 09:25 AM EST
UPDATE: Jefferies Raises PT on Bank of New York Mellon Corporation on Strong Revenue Proxies
In a report published Monday, Jefferies reiterated its Hold rating on Bank of New York Mellon Corporation (NYSE: BK ), and raised its price target from $26.00 to $29.00. Jefferies noted, “Revenue proxies held strong through February, with equity markets adding to January gains and FX volume/volatility proxies still elevated.
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