Keefe, Bruyette & Woods Maintains Market Perform on State Street, Lowers Price Target to $86-Report Released on 21 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Michael Brown has maintained a 'Market Perform' rating on State Street (NYSE:STT) but lowered the price target from $89 to $86.
January 22, 2024 | 6:26 pm
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NEGATIVE IMPACT
State Street's price target has been lowered from $89 to $86 by Keefe, Bruyette & Woods, although the 'Market Perform' rating is maintained.
A lowered price target can often be interpreted by the market as a negative signal, suggesting that the analyst sees less upside potential for the stock. However, the impact may be somewhat mitigated by the fact that the analyst did not downgrade the stock and maintained a 'Market Perform' rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100