Truist analyst David Smith lowered the firm’s price target on State Street (STT) to $104 from $106 and keeps a Hold rating on the shares after its Q4 earnings beat. The company’s quarter was somewhat better than sell-side consensus expected, but the 2025 outlook was somewhat disappointing in terms of both revenue and payout ratio, the analyst tells investors in a research note. Truist is also cutting State Street’s FY25 EPS view by 15c to $9.55 and its FY26 view by 10c to $10.70.
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