Analysts Daniel T. Fannon and Todd Solomon at Jefferies & Company, Inc. have initiated coverage of State Street Corporation 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: Analyst ColorInitiationAnalyst RatingsAsset Management & Custody BanksDaniel T. FannonFinancialsInc.Jefferies & CompanyTodd Solomon
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