Citi analyst Keith Horowitz lowered the firm’s price target on Northern Trust to $75 from $78 and keeps a Neutral rating on the shares. The analyst is updating the firm’s model to reflect the anticipated impact from the FDIC special assessment charge and lower net interest income based on its revised outlook for industry-wide deposit levels.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on NTRS:
- Northern Trust says cost of deposits ‘very, very high’ due to competition
- Northern Trust price target lowered to $80 from $84 at Deutsche Bank
- Northern Trust price target lowered to $77 from $87 at RBC Capital
- Northern Trust downgraded to Neutral from Buy at Seaport Research
- Northern Trust price target lowered to $107 from $113 at Barclays