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.
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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