Analysts Offer Insights on Financial Companies: T Rowe Price (NASDAQ: TROW) and State Street Corp (NYSE: STT)

By Jason Carr

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on T Rowe Price (NASDAQ: TROW) and State Street Corp (NYSE: STT).

T Rowe Price (NASDAQ: TROW)

In a report released today, Daniel Fannon from Jefferies reiterated a Buy rating on T Rowe Price (NASDAQ: TROW), with a price target of $83. The company’s shares opened today at $70.60.

According to TipRanks.com, Fannon is a 5-star analyst with an average return of 11.8% and a 72.5% success rate. Fannon covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Virtus Investment Partners, and Intercontinental Exchange.

T Rowe Price has an analyst consensus of Hold, with a price target consensus of $72.33.

State Street Corp (NYSE: STT)

Jefferies analyst Ken Usdin reiterated a Hold rating on State Street Corp (NYSE: STT) yesterday and set a price target of $87. The company’s shares opened today at $82.90, close to its 52-week high of $85.38.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 20.5% and a 77.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

State Street Corp has an analyst consensus of Hold, with a price target consensus of $85.40.

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