Business

Mass. Movers

State Street offers promising guidance

State Street Corp. is based in Boston.

Bloomberg News/File 2009

State Street Corp. is based in Boston.

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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.”

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