Wells Fargo Maintains Overweight on Northern Trust, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Mike Mayo has maintained an Overweight rating on Northern Trust (NASDAQ:NTRS) but lowered the price target from $100 to $90.
September 13, 2023 | 4:33 pm
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Northern Trust's price target has been lowered from $100 to $90 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees potential upside, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100