Nomura Securities Maintains a 'Neutral' on State Street (STT); Highlights from Meeting with CFO
Tweet
Share
E-mailGet Alerts STT Hot Sheet
Price: $193.04 --0%
Rating Summary:
15 Buy, 14 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 23
Rating Summary:
15 Buy, 14 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 23
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on State Street (NYSE: STT) price target of $41.00.
Nomura analyst, Glenn Schorr, says, "STT’s core asset servicing and management are going as well as one can hope for given the environment, and STT has its eye on several growth initiatives. The company also has a strong capital position and high capital generation, and we think that the cost save program has some real teeth. While the company is doing what it can to combat a tough environment, we see few near-term catalysts for a rebound. While we like the STT franchise and think the stock is not expensive, the stock could be range-bound as we muddle through this sluggish economic and regulatory backdrop."
For an analyst ratings summary and ratings history on State Street click here. For more ratings news on State Street click here.
Shares of State Street closed at $40.60 yesterday.
Nomura analyst, Glenn Schorr, says, "STT’s core asset servicing and management are going as well as one can hope for given the environment, and STT has its eye on several growth initiatives. The company also has a strong capital position and high capital generation, and we think that the cost save program has some real teeth. While the company is doing what it can to combat a tough environment, we see few near-term catalysts for a rebound. While we like the STT franchise and think the stock is not expensive, the stock could be range-bound as we muddle through this sluggish economic and regulatory backdrop."
For an analyst ratings summary and ratings history on State Street click here. For more ratings news on State Street click here.
Shares of State Street closed at $40.60 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ollie's Bargain Outlet (OLLI) PT Lowered to $113 at Piper Sandler, 'Favorable Risk/Reward for 2H '
- Truist Securities Assumes Corcept Therapeutics (CORT) at Buy
- Norwegian Cruise Line Holdings (NYSE: NCLH) PT Raised to $20 at UBS
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
