Citi analyst Keith Horowitz raised the firm’s price target on State Street to $85 from $81 and keeps a Neutral rating on the shares after the company announced the mutual agreement to terminate the Brown Brothers Harriman Investor Services acquisition. The analyst updated his model to take out deal accretion.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on STT:
- State Street Up After Termination of BBH Acquisition
- Early notable gainers among liquid option names on November 30th
- Brown Brothers Harriman, State Street terminate transaction
- BBH Announces Termination of Investor Services Transaction with State Street
- State Street to terminate deal to buy BBH’s Investor Services business