Bank of New York Inc.'s emphasis on fee-based income is winning more support from Wall Street.

The company earned its latest upgrade late Monday from Advest Group Inc.'s Anthony J. Polini, who lifted his rating to "buy" from "market perform." Bank of New York's share price has slipped from a July 21 peak of $50, but Most analysts say it could shoot past that high in the not-too-distant future. On Tuesday, it closed at $47.0625, up 25 cents, or 0.53%.

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