UPDATE: Credit Suisse Upgrade Northern Trust (NTRS) to Neutral Following 'Solid Quarter'
(Updated - January 21, 2015 11:10 AM EST)
(correction - upgrade not downgrade) Credit Suisse upgraded Northern Trust (NASDAQ: NTRS) from Underperform to Neutral and raised their price target to $66.00 (from $60.00) following a "solid quarter."
Analyst Ashley Serrao said they find the risk-reward fairly balanced following the quarter. "With today's results we sense an inflection point" in management's approach to the business and view 2015 as a key year for execution.
The firm raised FY 2015 EPS from $3.44 to $3.66 and FY 2016 EPS from $4.04 to $4.15.
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 $62.44 yesterday.