trending Market Intelligence /marketintelligence/en/news-insights/trending/fY8ZRnBt2AaRnwTM3iwY_g2 content esgSubNav
In This List

Jefferies downgrades Northern Trust to 'hold' from 'buy'


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

Jefferies downgrades Northern Trust to 'hold' from 'buy'

Jefferies LLC analyst Ken Usdin downgraded Northern Trust Corp.'s stock rating to "hold" from "buy," with a price target of $91.

According to Usdin, the company is seeing positive results of its cost control efforts, but the delivery of fee operating leverage is tougher in 2019.

A strong rebound in equity market prices can help abate downside pressure on trust fee growth, which is an upside risk to the company's downgraded rating.

Usdin's EPS estimates for Northern Trust are $6.61 for 2018, $6.35 for 2019 and $7.00 for 2020.