Truist initiated coverage of Northern Trust (NTRS) with a Hold rating and $110 price target The firm says that when the company’s asset and revenue growth slowed in recent years, its costs stayed “stubbornly elevated” and seem likely to slow only gradually in the near term. Bending the cost curve at Northern will take time and expense growth versus peers will likely remain elevated for some time, the analyst tells investors in a research note.
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Read More on NTRS:
- Northern Trust price target raised to $118 from $115 at Barclays
- Northern Trust price target lowered to $125 from $127 at Morgan Stanley
- Northern Trust price target raised to $110 from $104 at Wolfe Research
- Northern Trust price target raised to $106 from $103 at Evercore ISI
- Northern Trust decreases prime rate to 7.5%