Deutsche Bank Thinks State Street Corp’s Stock is Going to Recover


Deutsche Bank analyst Brian Bedell maintained a Buy rating on State Street Corp (STT) today and set a price target of $90. The company’s shares opened today at $71.25, close to its 52-week low of $65.81.

According to TipRanks.com, Bedell is a 4-star analyst with an average return of 3.9% and a 52.5% success rate. Bedell covers the Financial sector, focusing on stocks such as WisdomTree Investments, Affiliated Managers, and Franklin Resources.

State Street Corp has an analyst consensus of Moderate Buy, with a price target consensus of $95.08, which is a 33.4% upside from current levels. In a report issued on November 5, Citigroup also maintained a Buy rating on the stock with a $93 price target.

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The company has a one-year high of $114.27 and a one-year low of $65.81. Currently, State Street Corp has an average volume of 2.84M.

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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.

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