UPDATE: J.P. Morgan Downgrades Northern Trust Following Weak 2Q EPS
July 18, 2013 at 10:21 AM EDT
In a report published Thursday, J.P. Morgan analyst Vivek Juneja downgraded Northern Trust (NASDAQ: NTRS ) from Neutral to Underweight, and lowered the price target from $58.50 to $55.50. In the report, J.P. Morgan noted, “We are lowering our rating on Northern Trust to Underweight relative to its trust banks peers
