UBS Downgrades State Street to Neutral, Lowers Price Target to $72
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Brennan Hawken has downgraded State Street (NYSE:STT) from Buy to Neutral and lowered the price target from $90 to $72.
July 17, 2023 | 11:12 am
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State Street's rating has been downgraded from Buy to Neutral by UBS, with a lowered price target of $72.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for State Street. The lowered price target from $90 to $72 also suggests that UBS sees less upside potential in the stock, which could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100