(Reuters) - Richard Bove, an analyst at broker Punk Ziegel, said in the
article that State Street's acquisition, of Investor Financial
Services "only enhanced their superb international position."
"The lower multiple certainly creates a buying
opportunity," added Bove, who has an $85 target on the stock,
according to Barron's. That is more than 20 percent higher than
the firm's Friday closing price of $68.32 per share.
Read more at Reuters.com Business News
article that State Street's acquisition, of Investor Financial
Services "only enhanced their superb international position."
"The lower multiple certainly creates a buying
opportunity," added Bove, who has an $85 target on the stock,
according to Barron's. That is more than 20 percent higher than
the firm's Friday closing price of $68.32 per share.
Read more at Reuters.com Business News
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