BMO upgrades Northern Trust stock rating on strategy shift

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BMO Capital upgraded Northern Trust (NASDAQ:NTRS) to Outperform from Market Perform, setting a price target of $168.00, citing the company’s “One Northern Trust” strategy aimed at wealth and asset management. The firm noted improved focus and execution following a takeover risk last summer, with productivity planning and AI-led automation driving operating leverage. This upgrade aligns with InvestingPro’s analysis indicating the stock is undervalued with a Fair Value of $170.43, suggesting further upside.

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