UPDATE: Jefferies Raises PT on Northern Trust Following Raised EPS Forecasts

In a report published Monday, Jefferies analyst Ken Usdin reiterated a Hold rating on Northern Trust (NASDAQ: NTRS ), and raised the price target from $53.00 to $59.00. In the report, Jefferies noted, “We mark our EPS forecasts higher with equity markets up 4% QTD, putting us above the Street