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Autonomous Research Upgrades State Street to Outperform From Neutral, Adjusts PT to $149 From $143
Autonomous Research has upgraded State Street (STT) to “Outperform” from “Neutral” and increased its price target to $149 from $143. State Street Corporation is a financial holding company focused on investment services (82% of net sales) and investment management (18%), primarily serving institutions with custody, record-keeping, and asset management services. The upgrade reflects a more positive outlook for the company’s financial performance.