Northern Trust price target raised to $119 from $110 at Wells Fargo

Wells Fargo analyst Mike Mayo raised the firm’s price target on Northern Trust (NTRS) to $119 from $110 and keeps an Equal Weight rating on the shares. Northern posted a “strong 4Q24 beat,” with improved trends for both fees and net interest income, says the analyst, who also noted that the company provided guidance for low-single-digit net interest income growth in 2025.