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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100