Deutsche Bank analyst Brian Bedell maintained a Buy rating on State Street Corp (NYSE: STT) today and set a price target of $100. The company’s shares closed yesterday at $82.92, close to its 52-week low of $82.43.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 5.5% and a 54.8% success rate. Bedell covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, Affiliated Managers, and Legg Mason.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for State Street Corp with a $100.29 average price target, a 20.9% upside from current levels. In a report released today, Wells Fargo also reiterated a Buy rating on the stock with a $105 price target.
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State Street Corp’s market cap is currently $30.33B and has a P/E ratio of 13.71. The company has a Price to Book ratio of 1.57.
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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.
