Morgan Stanley lowered the firm’s price target on Northern Trust to $82 from $86 and keeps an Equal Weight rating on the shares. Northern Trust’s fee beat “was low quality” and a weak NII and deposit outlook drove the negative price action in the shares following the Q3 report, the analyst tells investors in a post-earnings note.
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Read More on NTRS:
- Northern Trust price target lowered to $73 from $75 at Evercore ISI
- 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