BofA lowered the firm’s price target on State Street (STT) to $98 from $99 and keeps an Underperform rating on the shares after the company reported Q1 results as expected and FY25 guidance was reiterated. Management “continues to execute well,” but the lack of idiosyncratic catalysts and better relative risk/reward elsewhere in the analyst’s coverage universe keeps the stock at Underperform, the analyst tells investors.
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