Barclays Maintains Equal-Weight on Northern Trust, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jason Goldberg has maintained an Equal-Weight rating on Northern Trust (NASDAQ:NTRS) and increased the price target from $90 to $98.
January 02, 2024 | 12:03 pm
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POSITIVE IMPACT
Barclays has maintained an Equal-Weight rating on Northern Trust and raised the price target from $90 to $98, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive adjustment in the valuation of Northern Trust, which could lead to increased investor interest and a potential short-term rise in the stock price. The Equal-Weight rating suggests that Barclays views the stock as fairly valued at the moment, but the raised target implies an expectation of some upside. This news is directly related to Northern Trust and is likely to be considered significant by investors, hence the high relevance and importance scores. The confidence score is high due to the clear and direct nature of the analyst's rating and price target change.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100