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Fly News Breaks for March 3, 2017
STT
Mar 3, 2017 | 08:55 EDT
Evercore ISI changed its rating system to Outperform, In Line and Underperform. Analyst Glenn Schorr downgraded State Street saying shares will benefit less versus peers from lower taxes, higher loan growth better capital markets, and financial deregulation. Schorr expects Trust Banks to have ongoing fee compression in core custody, lower NIR rate leverage, and increased competition. Schorr maintained his $82 price target on State Street shares.
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