Truist lowered the firm’s price target on Northern Trust (NTRS) to $92 from $98 and keeps a Hold rating on the shares after Q1 earnings to reflect the performance in the quarter and latest management commentary. The firm cites a higher cost of equity on increased economic uncertainty.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTRS:
- Northern Trust price target lowered to $103 from $117 at Keefe Bruyette
- Northern Trust price target lowered to $118 from $121 at BofA
- Northern’s Hold Rating: Balancing Strong NII with Weaker Fee Growth and Market Challenges
- Northern Trust: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Northern Trust price target lowered to $111 from $118 at Wells Fargo