Wells Fargo raised the firm’s price target on Northern Trust (NTRS) to $108 from $92 and keeps an Equal Weight rating on the shares. The firm says Northern’s Q3 beat mostly reflected higher net interest income, with some one-off net interest income benefits that probably won’t reoccur, but also somewhat better fee growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTRS:
- Northern Trust price target raised to $115 from $98 at Barclays
- Early notable gainers among liquid option names on October 23rd
- Northern Trust reports Q3 EPS $2.22, consensus $1.74
- Northern Trust Reports Strong Q3 Earnings Performance
- Northern Trust & Hamilton Lane team to provide private market analytics