Reported 3 days ago
Wells Fargo has reduced its price target for Northern Trust (NTRS) from $119 to $118 while maintaining an Equal Weight rating on the shares. This adjustment comes as part of a Q1 earnings preview for large-cap banks, influenced by ongoing policy uncertainties that could impact investment banking and loans. Despite a generally optimistic view on the sector due to significant deregulation, Wells Fargo forecasts lower estimates for Q1 and beyond.
Source: YAHOO