JPMorgan analyst Vivek Juneja on Monday upgraded Northern Trust Corp. undefined to neutral from underweight, with a price target of $96.50 a share. Northern...
JPMorgan analyst Vivek Juneja on Monday upgraded Northern Trust Corp. to neutral from underweight, with a price target of $96.50 a share. Northern Trust should gain deposits in its wealth management business amid turmoil in the regional banking sector, Juneja said in a research note. It's also seeing a positive turn in its money market funds business in a rebound from market share losses in recent years, Juneja said.
to neutral from underweight, with a price target of $96.50 a share. Northern Trust should gain deposits in its wealth management business amid turmoil in the regional banking sector, Juneja said in a research note. It's also seeing a positive turn in its money market funds business in a rebound from market share losses in recent years, Juneja said. Its current valuation is in line with its average historical premium to its peers, which is why JPMorgan is neutral on the stock.
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