State Street price target raised to $128 from $117 at Evercore ISI

Evercore ISI raised the firm’s price target on State Street (STT) to $128 from $117 and keeps an Outperform rating on the shares. Big banks had “a stellar summer,” with stocks rallying about 20% over the season, the analyst noted. While some banks hinted at a strong quarter, the firm sees potential for “beat & raises,” especially for JPMorgan (JPM) and Goldman Sachs (GS), though it notes that Citi (C) might face a downward revision due to its Banamex stake sale.