Northern Trust price target raised to $190 from $166 at BofA

BofA analyst Ebrahim Poonawala raised the firm’s price target on Northern Trust (NTRS) to $190 from $166 and keeps a Buy rating on the shares. While first quarter performance benefited from “some episodic type items” impacting deposit flows and volatility, the firm believes this “overshadows the strong core performance,” the analyst tells investors in a post-earnings note.