Northern Trust price target raised to $116 from $92 at Truist

Truist raised the firm’s price target on Northern Trust (NTRS) to $116 from $92 and keeps a Hold rating on the shares. The firm says Northern Trust remains a “show-me story.” Investors are still waiting to see consistent progress on bringing expense growth down, even if Q1 trends at the bank were positive, the analyst tells investors in a research note. Truist feels comfortable being on the sidelines “letting the revamped management team’s efforts play out a bit more.”