Deutsche Bank analyst Brian Bedell maintained a Buy rating on State Street Corp (NYSE: STT) today and set a price target of $99. The company’s shares closed yesterday at $86.21, close to its 52-week low of $82.43.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 5.2% and a 54.4% success rate. Bedell covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, Affiliated Managers, and T Rowe Price.
Currently, the analyst consensus on State Street Corp is a Moderate Buy with an average price target of $99.75.
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State Street Corp’s market cap is currently $31.54B and has a P/E ratio of 14.25. The company has a Price to Book ratio of 1.63.
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State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management.
