Citi Has Buy Rating On State Street Corp (STT)

Citi Investment Research has a Buy rating and a $60 price target on shares of State Street Corp STT. In a note to clients, Citi writes, "We view the announcement as a definite positive and supports our thesis that STT is one of the best positioned companies in our universe for impactful capital deployment actions. Even following this announcement, we believe STT has further room for capital actions going forward including continued dividend growth, M&A, or more share repurchases." Shares of STT gained 97 cents on Friday to close at $44.37, a gain of 2.24%.