Citi Bullish On Shares Of State Street Corporation

Analysts at Citi Research on Wednesday initiated coverage on State Street Corporation STT with a Buy rating and $90 price target.

Keith Horowitz declared State Street as the firm's top pick for trust bank and feels “State Street is ahead of the curve and well positioned to deliver positive operating leverage.”

Horowitz also believes State Street is the most attractive long-term investment within the space.

Shares of State Street Corp closed Wednesday at $74.94, up 1.35 percent.