State Street's price target lowered by Wells Fargo due to policy uncertainties

From Yahoo Finance: 2025-03-29 10:26:00

Wells Fargo has lowered State Street’s price target to $113 from $118, citing policy uncertainties and a “degree of paralysis” that makes the firm more conservative in its outlook for Q1 earnings and beyond. Despite this, Wells remains bullish on the sector as a whole due to deregulation and lists Citi and JPMorgan as top picks. The firm reduced estimates by 4% for Q1 and 2% through 2027. The news was first published on TheFly, a source for real-time financial news updates. For more information on top-performing stocks, visit TipRanks for detailed analysis and insights.



Read more at Yahoo Finance: State Street price target lowered to $113 from $118 at Wells Fargo