Bernstein Downgrades State Street To Underperform

Analysts at Bernstein downgraded State Street Corporation STT from Market Perform to Underperform. The price target for State Street has been lowered from $87 to $67. State Street shares have surged 6.00% over the past 52 weeks, while the S&P 500 index has gained 15.17% in the same period. State Street's shares declined 6.08% to close at $72.40 on Friday.