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Fly News Breaks for September 6, 2016
STT
Sep 6, 2016 | 07:21 EDT
Jefferies analyst Ken Usdin raised his price target for State Street to $80 saying the company remains well positioned to beat expectations. Beacon cost initiative progress and "record" Q2 asset servicing wins are not fully appreciated in the shares, Usdin tells investors in a research note. He keeps a Buy rating on State Street in a research note partially titled, "Call it a Comeback."
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