RBC Capital Maintains Outperform Rating for Northern Trust: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for Northern Trust (NASDAQ:NTRS) but lowered its price target from $85.00 to $75.00. Northern Trust's shares are currently trading down 1.48% at $70.70 per share. A move to $75.00 would represent a 6.08% increase from the current share price.
September 19, 2023 | 5:00 pm
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RBC Capital has maintained its Outperform rating for Northern Trust but lowered its price target. This could potentially lead to a short-term increase in the stock price if the market reacts positively to the maintained rating.
Analyst ratings can have a significant impact on a stock's performance. In this case, RBC Capital has maintained its Outperform rating for Northern Trust, which is generally a positive signal. However, they have also lowered their price target, which could indicate a potential downside. The net effect on the stock price will depend on how the market interprets these mixed signals.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100