BMO Capital initiated coverage of Northern Trust (NTRS) with a Market Perform rating and $142 price target Northern Trust’s premium valuation seems to contrast with the lack of urgency in efficiency efforts, and absence of a clear roadmap for improved financial results, the analyst tells investors in a research note. The firm added that growth in the core business is slowing, which presents a risk to Northern’s premium valuation, particularly vis-a-vis Wealth Management firms.
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