Wells Fargo lowered the firm’s price target on Northern Trust to $90 from $100 and keeps an Overweight rating on the shares. The firm cites lowered guidance for Q3 net interest income and net interest margin, likely below Q2 2022 into year-end 2023, mitigated by good deposit trends.
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Read More on NTRS:
- Northern Trust Stock (NASDAQ:NTRS) Down on Grim Q3 Outlook
- Northern Trust price target lowered to $90 from $100 at Wells Fargo
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