Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on State Street Corporation

Related STT
State Street To Close 5 ETFs
18 Biggest Mid-Day Gainers For Wednesday
State Street Corporation 2016 Q3 - Results - Earnings Call Slides (Seeking Alpha)

In a report published Monday, Jefferies & Company reiterated its Hold rating on State Street Corporation (NYSE: STT), and raised its price target from $47.00 to $52.00.

Jefferies noted, “Revenues likely slipped Q-Q for the group given pressure on spread income, soft transaction fees, and the impact of low client activity on core fee lines. NTRS has the best chance to meet, given help from efficiencies, but we lower future EPS on a lower 4Q mark. BK and STT could post modest misses, with costs less of a helper. We are watching the early 1Q rally for signs of better client engagement, but remain neutral at this time.”

State Street Corporation closed on Friday at $49.39.

Latest Ratings for STT

Oct 2016JefferiesMaintainsBuy
Oct 2016Keefe Bruyette & WoodsUpgradesUnderperformMarket Perform
Oct 2016Deutsche BankMaintainsHold

View More Analyst Ratings for STT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (STT)

View Comments and Join the Discussion!