Northern Trust Analysts Boost Their Forecasts After Upbeat Q4 Earnings

Core Viewpoint - Northern Trust Corp reported better-than-expected earnings for the fourth quarter, with adjusted EPS of $2.69 surpassing market estimates of $2.37 and sales of $2.123 billion exceeding expectations of $2.058 billion [1] Group 1: Earnings Performance - The adjusted EPS for Northern Trust was $2.69, which is higher than the market estimate of $2.37 [1] - The company's sales reached $2.123 billion, compared to the expected $2.058 billion [1] - Following the earnings announcement, Northern Trust shares fell by 2.4% to $149.24 [1] Group 2: Analyst Ratings and Price Targets - Evercore ISI Group analyst Glenn Schorr maintained an In-Line rating and raised the price target from $142 to $155 [2] - Wells Fargo analyst Mike Mayo maintained an Equal-Weight rating and increased the price target from $145 to $150 [2] - RBC Capital analyst Gerard Cassidy maintained an Outperform rating and raised the price target from $139 to $159 [2]