Reported 3 days ago
Wells Fargo has revised its price target for State Street (STT) from $118 to $113 but maintains an Overweight rating. The adjustment follows a Q1 earnings preview for large-cap banks, citing policy uncertainties affecting investment banking and lending. Despite lowering Q1 estimates by 4% and through 2027 by 2%, Wells Fargo remains optimistic about the sector's long-term potential.
Source: YAHOO