Barclays analyst Jason Goldberg downgraded State Street (STT) to Equal Weight from Overweight with a price target of $152, up from $120. The firm adjusted ratings in the large cap bank group as part of its 2026 outlook. Barclays expects the trends hat drove double-digit earnings growth and bank stock outperformance in 2025 to carry into 2026. It sees less relative upside for State Street after the stock’s outperformance to end last year. Barclays cites valuation for the downgrade.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STT:
- State Street price target raised to $150 from $136 at Citi
- State Street price target raised to $168 from $165 at Morgan Stanley
- Crypto Currents: Gemini receives U.S. license for prediction markets
- Crypto Currents: Bitcoin slides as Oracle drags tech sector down
- Galaxy Digital, State Street to tokenize private liquidity fund