RBC Capital analyst Gerard Cassidy raised the firm’s price target on Northern Trust (NTRS) to $178 from $159 and keeps an Outperform rating on the shares. The company posted very strong Q1 results, led by strong revenue growth combined with positive operating leverage, the analyst tells investors in a research note. With its strong pedigree and management team, Northern Trust should be able to navigate around the global macro uncertainties to deliver sustainable results through the cycle, RBC added.
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