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

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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 Dividend.com 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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: NTRS

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