These Analysts Increase Their Forecasts On Northern Trust Following Strong Q3 Results
Avi Kapoor 1 week ago
MarketsTrading IdeasAnalyst RatingsPrice TargetEarnings
Northern Trust beat Q3 earnings and revenue estimates. Shares fell 1.4%; Barclays and Morgan Stanley raised price targets to $194 and $177.
Northern Trust Corp (NASDAQ:NTRS) reported upbeat earnings for the third quarter on Wednesday.
The company posted quarterly earnings of $3.40 per share which beat the analyst consensus estimate of $2.84 per share. The company reported quarterly sales of $2.294 billion which beat the analyst consensus estimate of $2.261 billion.
Northern Trust shares fell 1.4% to trade at $164.64 on Thursday.
These analysts made changes to their price targets on Northern Trust following earnings announcement.
- Barclays analyst Jason Goldberg maintained the stock with an Equal-Weight rating and raised the price target from $189 to $194.
- Morgan Stanley analyst Betsy Graseck maintained the stock with an Underweight rating and raised the price target from $173 to $177.
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