Keefe, Bruyette & Woods Downgrades State Street to Market Perform, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Michael Brown has downgraded State Street (NYSE:STT) from Outperform to Market Perform and lowered the price target from $84 to $73.
July 17, 2023 | 9:53 am
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NEGATIVE IMPACT
State Street has been downgraded by Keefe, Bruyette & Woods and its price target has been lowered, which could negatively impact its stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The downgrade from Outperform to Market Perform and the lowering of the price target from $84 to $73 by Keefe, Bruyette & Woods could lead to a decrease in investor confidence in State Street, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100