Market Overview

UPDATE: J.P. Morgan Raises PT on Northern Trust as Premium Valuation Reflects Strong Capital Position

Share:
Related NTRS
Mid-Day Market Update: U.S. Stocks Surge; Netflix Shares Jump On Upbeat Earnings
Mid-Morning Market Update: Markets Mixed; UnitedHealth Profit Tops Expectations
Stressed Out: A Bond Market Risk Ranking Of Leading Financial Institutions (Seeking Alpha)

In a report published Monday, J.P. Morgan reiterated its Neutral rating on Northern Trust Corporation (NASDAQ: NTRS), and raised its price target from $50.50 to $54.00.

J.P. Morgan noted, “We maintain our Neutral rating on Northern Trust relative to its trust banks peers as we believe NTRS's premium valuation reflects its very strong capital position, long-term revenue and earnings growth potential, and better risk management with an overall lower risk profile. Similar to its peers, NTRS continues to face revenue pressures from low absolute interest rates and weak trends in volatility driven businesses, but should benefit from strong long-term secular growth opportunities, expense savings initiative, and industry consolidation.”

Northern Trust Corporation closed on Friday at $53.23.

Latest Ratings for NTRS

DateFirmActionFromTo
Jan 2015Deutsche BankMaintainsHold
Jan 2015Credit SuisseUpgradesUnderperformNeutral
Jan 2015Deutsche BankMaintainsHold

View More Analyst Ratings for NTRS
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Price Target Analyst Ratings

 

Related Articles (NTRS)

Around the Web, We're Loving...

Get Benzinga's Newsletters