Northern Trust price target raised to $125 from $123 at Keefe Bruyette

Keefe Bruyette analyst David Konrad raised the firm’s price target on Northern Trust (NTRS) to $125 from $123 and keeps an Underperform rating on the shares post the Q3 report. The company reported a a mixed quarter with weaker servicing and wealth but a beat on provision and net interest income due to lower Euro deposits costs, the analyst tells investors in a research note.