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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 07:46 EDT
Buckingham analyst James Mitchell downgraded Northern Trust to Neutral from Buy with a $115 price target, up from $112, on valuation. In a research note to investors, the analyst says he would emphasize the brokerage stocks over the banks this year, and while Northern Trust has outperformed its peers over the past two years, he sees the stock as being more of an in-line performer over the next 12 months.