BofA analyst Ebrahim Poonawala lowered the firm’s price target on Northern Trust (NTRS) to $118 from $121 and keeps a Buy rating on the shares. Q1 EPS topped expectations and the company’s FY25 net interest income growth guidance was raised to low-to-mid single digits from low-single digits, the analyst tells investors. Following the report, the firm lowered its FY25 and FY26 EPS estimates to $8.01 and $8.94 from $8.18 and $9.20, respectively.
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