Evercore ISI raised the firm’s price target on Northern Trust (NTRS) to $135 from $125 and keeps an In Line rating on the shares. Big banks had “a stellar summer,” with stocks rallying about 20% over the season, the analyst noted. While some banks hinted at a strong quarter, the firm sees potential for “beat & raises,” especially for JPMorgan (JPM) and Goldman Sachs (GS), though it notes that Citi (C) might face a downward revision due to its Banamex stake sale.
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