State Street Corp (STT) Receives a Buy from Raymond James

By Ryan Adsit

In a report released today, David Long from Raymond James maintained a Buy rating on State Street Corp (STTResearch Report), with a price target of $69.00. The company’s shares closed last Monday at $56.83.

According to TipRanks.com, Long is ranked 0 out of 5 stars with an average return of -7.1% and a 26.5% success rate. Long covers the Financial sector, focusing on stocks such as TCF Financial Corporation, Huntington Bancshares Inc, and Wintrust Financial Corp.

Currently, the analyst consensus on State Street Corp is a Moderate Buy with an average price target of $61.25.

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The company has a one-year high of $83.33 and a one-year low of $48.62. Currently, State Street Corp has an average volume of 3.01M.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management.