JP Morgan Downgrades State Street to Underweight, Lowers Price Target to $71
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Vivek Juneja has downgraded State Street (NYSE:STT) from Neutral to Underweight and lowered the price target from $78.5 to $71.
July 17, 2023 | 10:04 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
State Street's stock has been downgraded to Underweight from Neutral by JP Morgan, with a lowered price target of $71 from $78.5.
The downgrade from JP Morgan, a major financial institution, is likely to negatively impact investor sentiment towards State Street. The lowered price target suggests that JP Morgan expects the stock's value to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100