Northern Trust Analysts Boost Their Forecasts After Upbeat Q4 Earnings

Benzinga
Jan 24

Northern Trust Corp (NASDAQ:NTRS) posted better-than-expected earnings for the fourth quarter on Thursday.

The company posted adjusted EPS of $2.69, beating market estimates of $2.37. The company's sales came in at $2.123 billion versus expectations of $2.058 billion.

Northern Trust shares fell 2.4% to trade at $149.24 on Friday.

These analysts made changes to their price targets on Northern Trust following earnings announcement.

  • Evercore ISI Group analyst Glenn Schorr maintained Northern Trust with an In-Line rating and raised the price target from $142 to $155.
  • Wells Fargo analyst Mike Mayo maintained the stock with an Equal-Weight rating and raised the price target from $145 to $150.
  • RBC Capital analyst Gerard Cassidy maintained Northern Trust with an Outperform rating and raised the price target from $139 to $159.

Considering buying NTRS stock? Here’s what analysts think:

Photo via Shutterstock

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