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Jefferies & Company, Inc. Initiates Coverage Of State Street Corporation (STT) With Hold Rating

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Analysts Daniel T. Fannon and Todd Solomon at Jefferies & Company, Inc. have initiated coverage of State Street Corporation (NYSE: STT) with Hold rating. The price target for the company has been set at $42.

Analysts believe that State Street is a premium brand within financial services. However, some of the company’s businesses continue to remain under pressure. In the long-term, analysts believe that the company’s earnings power will be significantly higher.

 

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Posted-In: Daniel T. Fannon Inc. Jefferies & Company Todd SolomonAnalyst Color Initiation Analyst Ratings

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