TD Cowen raised the firm’s price target on State Street (STT) to $135 from $133 and keeps a Buy rating on the shares. The firm said its earnings beat the firm’s forecast underscoring broad strength in servicing fees, management fees and FX trading.
Claim 70% Off TipRanks This Holiday Season
- 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’s Earnings Call: Strong Growth Amid Challenges
- State Street price target lowered to $131 from $133 at Truist
- State Street price target raised to $165 from $162 at Morgan Stanley
- State Street price target raised to $129 from $121 at Wells Fargo
- Positive Outlook for State Street: Strong Fee Revenue Growth and Strategic Initiatives Drive Buy Rating
