Information Provided By:
Fly News Breaks for November 18, 2019
STT
Nov 18, 2019 | 08:57 EDT
Buckingham analyst James Mitchell raised his price target for State Street to $84 from $73 and reiterated a Buy rating. In a research note to investors, Mitchell says he sees downside risk around fee pressure and int. rates abating as well as a number of potential drivers of EPS upside, including higher quarter-to-date equity markets and rates, improving new business wins/outlook for its CRD acquisition, capacity for additional preferred buybacks, as well as greater conviction around management's commitment to expense cuts. Mitchell believes the momentum can continue given its still inexpensive valuation and material EPS upside potential vs. low expectations.
News For STT From the Last 2 Days
There are no results for your query STT