Evercore ISI analyst Glenn Schorr lowered the firm’s price target on Northern Trust to $73 from $75 and keeps an In Line rating on the shares. While the firm appreciates concerns over slowing revenue growth and eroding margins, it thinks the selloff in Northern Trust shares “may have been a little overdone” considering management’s explanation of a path to a positive net interest income trajectory and controlled expense growth.
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Read More on NTRS:
- Northern Trust price target lowered to $85 from $90 at BofA
- Northern Trust price target lowered to $90 from $94 at Barclays
- Wells Fargo downgrades Northern Trust, sees disappointments continuing
- Northern Trust downgraded to Equal Weight from Overweight at Wells Fargo
- Northern Trust NII guidance weighing on shares, says Keefe Bruyette