Barclays Maintains Overweight on State Street, Raises Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jason Goldberg has maintained an Overweight rating on State Street (NYSE:STT) and increased the price target from $87 to $102. This adjustment reflects a positive outlook on the company's stock.
January 02, 2024 | 12:07 pm
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POSITIVE IMPACT
Barclays has reaffirmed State Street's Overweight rating and raised the price target to $102, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst like Jason Goldberg from Barclays is a strong positive signal to the market, suggesting a higher valuation for State Street. This is likely to be taken as a positive by investors and could lead to a short-term increase in the stock price, as market participants may adjust their valuations to align with the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100