Wolfe Research Downgrades Northern Trust to Underperform, Announces $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Steven Chubak has downgraded Northern Trust (NASDAQ:NTRS) from Peer Perform to Underperform and set a price target of $85.
January 03, 2024 | 11:52 am
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NEGATIVE IMPACT
Northern Trust downgraded by Wolfe Research from Peer Perform to Underperform with a price target of $85.
Downgrades by analysts can lead to a negative perception among investors and potential selling pressure, likely causing a short-term decline in the stock's price. The new price target of $85 suggests a downside from the current trading level, assuming the stock is trading above this target.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100