Northern Trust Downgraded to “Equal-weight” at Morgan Stanley (NTRS)

By Staff,

Shutterstock photo

Investment manager Northern Trust Corporation ( NTRS ) on Monday caught a downgrade from analysts at Morgan Stanley.

The firm said it cut its rating on NTRS to "Equal-weight" with a $58 price target, noting the company is suffering as a result of lower interest rates. That price target suggests a 15% upside from the stock's Friday closing price of 50.68.

Northern Trust shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of Northern Trust ( NTRS ) have a 2.21% dividend yield, based on Friday's closing stock price of $50.68. The stock has technical support in the $46-$48 price area. If the shares can firm up, we see overhead resistance around the $54-$56 price levels.

Northern Trust Corporation ( NTRS ) is not recommended at this time, holding a DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by

This article appears in: Investing Stocks
Referenced Stocks: NTRS

More from

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by