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Fly News Breaks for October 21, 2019
STT
Oct 21, 2019 | 08:00 EDT
Raymond James analyst David J. Long raised his price target for State Street to $77 from $69 and reiterated a Strong Buy rating following last week's Q3 results, saying it was a "strong" quarter as as fee income, net interest income and operating expenses were each better than expectations. Long says he believes State Street shares have "considerable" upside potential given the relatively attractive revenue growth opportunity with its Charles River acquisition, combined with a discounted valuation.
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