State Street Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts – State Street (NYSE:STT)

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State Road Company STT is ready to launch earnings outcomes for its first quarter earlier than the opening bell on April 12, 2024.

Analysts anticipate the Boston, Massachusetts-based firm to report quarterly earnings at $1.50 per share, down from $1.52 per share within the year-ago interval. State Road is projected to report quarterly income of $3.06 billion, in comparison with $3.1 billion within the year-earlier quarter, in accordance with knowledge from Benzinga Professional.

On Feb. 1, State Road accomplished its acquisition of CF World Buying and selling for an undisclosed quantity.

State Road shares fell 0.6% to shut at $73.91 on Thursday.

Benzinga readers can entry the most recent analyst rankings on the Analyst Inventory Rankings web page. Readers can kind by inventory ticker, firm title, analyst agency, ranking change or different variables.

Let’s take a look at how Benzinga’s most-accurate analysts have rated the corporate within the current interval.

  • RBC Capital analyst Gerard Cassidy maintained a Sector Carry out ranking and boosted the worth goal from $75 to $85 on Jan. 22, 2024. This analyst has an accuracy price of 72%.
  • Keefe, Bruyette & Woods analyst Michael Brown maintained a Market Carry out ranking and lower the worth goal from $89 to $86 on Jan. 22, 2024. This analyst has an accuracy price of 66%.
  • UBS analyst Brennan Hawken maintained a Impartial ranking and boosted the worth goal of $70 to $82 on Jan. 9, 2024. This analyst has an accuracy price of 69%.
  • B of A Securities analyst Ebrahim Poonawala downgraded the inventory from Impartial to Underperform with a worth goal of $81 on Jan. 4, 2024. This analyst has an accuracy price of 64%.
  • Goldman Sachs analyst Alexander Blostein upgraded the inventory from Impartial to Purchase with a worth goal of $92 on Jan. 3, 2024. This analyst has an accuracy price of 71%.

 

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