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Fly News Breaks for January 4, 2017
STT
Jan 4, 2017 | 06:24 EDT
Goldman analyst Alexander Blostein upgraded State Street to Buy with a $95 price target based on expectations higher margin revenues from NIR, FX trading, and sec lending will accelerate in 2017, driving pre-tax margins and earnings. Further, Blostein expects cost savings initiatives to accelerate over the next two years while the recently acquired GE Asset Management unit will drive additional margin upside.
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