Morgan Stanley Maintains Equal-Weight Rating for Northern Trust: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Northern Trust (NASDAQ:NTRS) but lowered its price target from $97.00 to $92.00. Northern Trust's shares are currently trading down 0.27% at $73.26 per share. A move to $92.00 would represent a 25.58% increase from the current share price.
September 15, 2023 | 5:00 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained its Equal-Weight rating for Northern Trust but lowered its price target. This could potentially impact the stock's performance in the short term.
Morgan Stanley's decision to maintain its Equal-Weight rating indicates a neutral outlook for Northern Trust. However, the lowering of the price target could potentially lead to a negative sentiment among investors, which might put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100