RBC raises Northern Trust stock price target, reaffirms Outperform rating By Investing.com
RBC Capital Markets has adjusted its outlook on Northern Trust Corporation (NASDAQ: NASDAQ:), increasing the price target to $107.00, up from the previous $100.00, while reaffirming an Outperform rating for the stock.
The firm recognizes Northern Trust as a leading trust company, known for its strong performance over various market cycles.
Northern Trust has reported robust results for the third quarter of 2024, demonstrating solid financial performance. However, the company continues to face challenges with persistent expense issues that are impacting its overall results.
RBC Capital anticipates that Northern Trust’s management will actively work to reduce expense growth, although it acknowledges that this task may present…
