Goldman Sachs Upgrades Northern Trust (NTRS) to Buy

(Updated - April 2, 2018 4:40 AM EDT)

(updated to add analyst comment)

Goldman Sachs upgraded Northern Trust (NASDAQ: NTRS) from Neutral to Buy with a price target of $121.00 (from $113.00).

Analyst Alex Blostein says net interest income upside remains under-appreciated by investors and also likes the company growth in organic fees, which he believes will remain the best-in-class. The analyst also expects the company to benefit from strong positioning during a constructive macro backdrop.

For an analyst ratings summary and ratings history on Northern Trust click here. For more ratings news on Northern Trust click here.

Shares of Northern Trust closed at $103.13 Friday.

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