Bank of New York Mellon was upgraded to buy from hold by TheStreet Ratings on Friday. TheStreet Ratings gives Bank of New York Mellon a B grade and $26.66 price target. The stock closed Friday at $22.85 and has risen 14.77% year to date.
The overall Department of Education budget will be $59 billion in 2018.
Investors have poured hundreds of millions into education stocks recently, but education experts suggest caution.
The Consumer Financial Protection Bureau today ordered Bridgepoint Education (BPI) to pay out $23.5 million to students.
A number of for-profit education companies have shuttered and other failures could be on the way.