Northern Trust price target lowered to $125 from $127 at Morgan Stanley

Morgan Stanley downgraded the firm price target On Northern Trust (NTRS:) from $125 to $127 and maintains an equal weight rating on the stock.The company said the S&P 500 was down about 3% and the 10-year UST yield was up more than 15 basis points in December. in the second half, downgrades estimates of the level of customer assets in trusted banks and notes that higher 10-year yields reduce the prospect of capital returns.

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