B of A Securities Downgrades State Street to Underperform, Maintains $81 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ebrahim Poonawala downgraded State Street (NYSE:STT) from Neutral to Underperform while maintaining an $81 price target.
January 04, 2024 | 12:35 pm
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NEGATIVE IMPACT
State Street was downgraded by B of A Securities from Neutral to Underperform, with an unchanged price target of $81.
Downgrades by analysts can lead to negative sentiment among investors and potential short-term price declines. The maintained price target suggests limited downside potential, but the downgrade itself is likely to weigh on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100