Jefferies Reduces PT on Northern Trust and State Street

Jefferies reduced its price target on Northern Trust (NASDAQ: NTRS) and State Street (NYSE: STT). The new price targets were placed at $51 and $61, down from $52 and $62 respectively. At the same time, Jefferies left its rating on the companies' stock unchanged at Hold on Northern Trust and Buy on State Street. Jefferies also reiterated its Hold rating and price target of $29 on the Bank of New York Mellon (NSYE: BK).

On Friday, BK added 1.72% to its value to finish the day at $26.06, while NTRS rose 1.17% to end the day at $46.50. At the same time, State Street added 1.91% to its value on Friday to finish the day at $45.95.