Morgan Stanley analyst Betsy Graseck raised the firm’s price target on State Street (STT) to $162 from $114 and keeps an Overweight rating on the shares. The firm is rolling its valuation year from 2026 to 2027, which drives its large cap bank price targets up by a median 14%, the analyst tells investors. The firm is also updating its models to bake in three rate cuts in 2025 and three in 2026, the analyst noted.
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