Barclays lowered the firm’s price target on State Street (STT) to $120 from $127 and keeps an Overweight rating on the shares. The company’s Q1 earnings were ahead but lower than expected expenses were needed to compensate for softer than anticipated fees followed by net interest income, the analyst tells investors in a research note.
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Read More on STT:
- State Street’s Strong Financial Performance and Positive Outlook Justify Buy Rating
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- State Street’s Earnings Call: Strong Q1 2025 Performance
- State Street price target lowered to $98 from $100 at Goldman Sachs
- State Street says outlook remains unchanged despite macro uncertainty
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