Market Overview

UPDATE: Jefferies Raises PT on Northern Trust Corporation on Strong Revenue Proxies

Share:
Related NTRS
Stocks Hitting 52-Week Highs
The 10 Best Fed Stress Test Scores
BofA's Merrill Lynch Settles Short Sale Violations for $11M - Analyst Blog (Zacks)

In a report published Monday, Jefferies reiterated its Hold rating on Northern Trust Corporation (NASDAQ: NTRS), and raised its price target from $47.00 to $51.00.

Jefferies noted, “Revenue proxies held strong through February, with equity markets adding to January gains and FX volume/volatility proxies still elevated. We have updated models marginally to reflect the two solid months, but have not marked fully given ongoing volatility (leaving some upside potential if March delivers). STT is best positioned to benefit from rising equity levels and FX activity, in our view, and is our preferred name.”

Northern Trust Corporation closed on Friday at $53.28.

Latest Ratings for NTRS

DateFirmActionFromTo
May 2015Deutsche BankMaintainsHold
Apr 2015CitigroupMaintainsNeutral
Apr 2015JefferiesMaintainsHold

View More Analyst Ratings for NTRS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (NTRS)

Around the Web, We're Loving...