Analysts Are Neutral on These Financial Stocks: BK, MTG

By Austin Angelo

Analysts fell to the sidelines weighing in on BNY Mellon (NYSE: BK) and MGIC Investment (NYSE: MTG) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

BNY Mellon (NYSE: BK)

In a report released yesterday, Susan Roth Katzke from Credit Suisse maintained a Hold rating on BNY Mellon (NYSE: BK), with a price target of $48. The company’s shares closed yesterday at $46.65.

According to TipRanks.com, Katzke is a 5-star analyst with an average return of 17.3% and a 67.6% success rate. Katzke covers the Financial sector, focusing on stocks such as Goldman Sachs Group Inc, Citizens Financial, and State Street Corp.

Currently, the analyst consensus on BNY Mellon is Hold and the average price target is $50, representing a 7.2% upside.

In a report issued on April 11, Jefferies also reiterated a Hold rating on the stock with a $52 price target.
MGIC Investment (NYSE: MTG)

Credit Suisse analyst Douglas Harter maintained a Hold rating on MGIC Investment (NYSE: MTG) yesterday and set a price target of $11. The company’s shares closed yesterday at $11.03.

According to TipRanks.com, Harter is a 4-star analyst with an average return of 6.4% and a 65.0% success rate. Harter covers the Financial sector, focusing on stocks such as Sutherland Asset Management Corporation, Ellington Residential Mortgage, and ARMOUR Residential REIT Inc.

MGIC Investment has an analyst consensus of Strong Buy, with a price target consensus of $12.25.

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