RBC Capital Maintains Sector Perform on State Street, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gerard Cassidy has maintained a 'Sector Perform' rating on State Street (NYSE:STT) and increased the price target from $75 to $85.
January 22, 2024 | 7:25 pm
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POSITIVE IMPACT
RBC Capital has maintained a 'Sector Perform' rating on State Street and raised the price target from $75 to $85, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a positive sentiment towards State Street's future performance. This could lead to increased investor confidence and a potential short-term rise in the stock price. The 'Sector Perform' rating indicates that the stock is expected to perform in line with the sector, which may temper some of the positive impact of the raised price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100