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State Street (STT) Receives a Buy from Jefferies

In a report issued on July 18, Ken Usdin from Jefferies maintained a Buy rating on State Street (STTResearch Report), with a price target of $76.00. The company’s shares closed last Tuesday at $66.99.

According to TipRanks.com, Usdin is a top 100 analyst with an average return of 17.7% and a 63.3% success rate. Usdin covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Bank of New York Mellon Corporation, and Texas Capital Bancshares.

Currently, the analyst consensus on State Street is a Moderate Buy with an average price target of $78.50, representing a 15.7% upside. In a report issued on July 6, Morgan Stanley also maintained a Buy rating on the stock with a $86.00 price target.

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The company has a one-year high of $104.87 and a one-year low of $58.80. Currently, State Street has an average volume of 2.85M.

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State Street Corporation is a financial services and bank holding company. It provides a range of financial products and services to institutional investors worldwide including deposits, loans and lease financing, securities finance, trading services, portfolio modeling and construction, and wealth management solutions.

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