ISI Group analysts raised their price target for State Street Corp. after the financial services company gave positive guidance at its investor meeting, Dividend.com reported. The analysts are keeping a “buy” rating and forecast the stock will reach $64. The previous target was $63. Key factors, they said, include cost-cutting initiatives and their belief that the company is “improving upon a leadership position in asset servicing that should enhance its longer-term position.”
State Street offers promising guidance
March 05, 2013
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