Goldman Sachs analyst Alexander Blostein reinstated coverage of State Street with a Neutral rating and $87 price target. The analyst sees risks to State Street’s servicing fees "amid both macro and firm-specific headwinds" and potential re-acceleration of its expense growth largely offsetting benefits from higher net interest income .
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: