Jefferies reiterated its State Street STT Buy rating and raised State Street's PT to $57 from $55 in a research report published today.
In the report, Jefferies states, "A few data points lead us to tweak ests. higher, including lower
regulatory expense step-ups, earlier-than-modeled cost saves, and a clearer signal on potential buybacks."
Shares of State Street were trading at $47.36 at the time of posting, down 0.88% from Thursday's market close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsAsset Management & Custody BanksFinancialsJefferies
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