Evercore ISI analyst Glenn Schorr lowered the firm’s price target on Northern Trust to $86 from $88 and keeps an In Line rating on the shares. The firm has lowered estimates by an average of 9% across its U.S. brokers, banks and asset mangers coverage as it thinks lower investment banking fees, fewer PE-related gains, weaker asset and wealth management flows, a tough backdrop for deposits and lending, normalizing credit costs and less buybacks all worked to offset higher market levels and "hopefully OK trading."
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 Insiders’ Hot Stocks on TipRanks >>
Read More on NTRS:
- Northern Trust price target lowered to $105 from $108 at UBS
- Northern Trust price target lowered to $87 from $95 at RBC Capital
- Northern Trust raises prime lending rate to 8%
- National Association for Business Economics to hold a webinar
- Northern Trust selectes by SSRCE, TCRCE for custody, benefit payment services