Truist raised the firm’s price target on Northern Trust (NTRS) to $116 from $92 and keeps a Hold rating on the shares. The firm says Northern Trust remains a “show-me story.” Investors are still waiting to see consistent progress on bringing expense growth down, even if Q1 trends at the bank were positive, the analyst tells investors in a research note. Truist feels comfortable being on the sidelines “letting the revamped management team’s efforts play out a bit more.”
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- Northern Trust price target lowered to $105 from $115 at RBC Capital
- Northern Trust price target lowered to $92 from $98 at Truist