Morgan Stanley Maintains Equal-Weight on State Street, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has maintained an Equal-Weight rating on State Street (NYSE:STT) and lowered the price target from $81 to $78.

October 03, 2023 | 3:30 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on State Street and lowered the price target from $81 to $78.
The news is directly about State Street. The lowered price target might indicate a less optimistic outlook for the company, but the maintained Equal-Weight rating suggests that the analyst still sees it as a solid investment. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100