BofA lowered the firm’s price target on State Street (STT) to $98 from $99 and keeps an Underperform rating on the shares after the company reported Q1 results as expected and FY25 guidance was reiterated. Management “continues to execute well,” but the lack of idiosyncratic catalysts and better relative risk/reward elsewhere in the analyst’s coverage universe keeps the stock at Underperform, the analyst tells investors.
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Read More on STT:
- State Street price target lowered to $85 from $89 at Truist
- State Street price target lowered to $113 from $118 at Keefe Bruyette
- State Street price target lowered to $120 from $127 at Barclays
- State Street’s Strong Financial Performance and Positive Outlook Justify Buy Rating
- State Street Reports Strong Q1 2025 Earnings Growth
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