Jefferies & Company, Inc. Initiates Coverage Of Northern Trust Corporation (NTRS) With Hold Rating

Analysts Daniel T. Fannon and Todd Solomon at Jefferies & Company, Inc. have initiated coverage of Northern Trust Corporation

with Hold rating. Analysts view Northern Trust as a high-quality company, with a track record of consistent growth and steady returns. Analysts believe that the shares are fairly value valued at the moment, given the continued headwinds from interest rates and the reduced demand levels for other ancillary services. The price target for Northern Trust Corporation has been set at $53.