Goldman Sachs Optimistic Of Northern Trust And Maintains Neutral Rating On NTRS

In a recent report, Goldman Sachs has maintained a Neutral rating and are optimistic about the core business growth prospects of Northern Trust NTRS after hosting a series of meetings with NTRS' senior management team. In the report, Goldman Sachs said, "These growth positives will likely remain masked by the low rate environment, which we think still puts consensus EPS estimates over the next two years at risk." The price target on Northern Trust remains at $51.00. Northern Trust closed yesterday at $48.43.