UPDATE - UBS Starts State Street (STT) at Buy; Top Pick in Our Trust Bank Coverage

UPDATE - UBS initiates coverage on State Street (NYSE: STT) with a Buy. PT $46.00.

UBS analyst says, "We believe has more near-term positive catalysts and is the best positioned stock among the group to withstand the current environment. STT has balance sheet flexibility to withstand low interest rates, higher capital levels, and faster revenue growth, with a strategy to streamline business operations and reduce costs, which should enhance positive operating leverage in upcoming periods."

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 $39.11 yesterday.

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