SunTrust Robinson Humphrey Rates Northern Trust Corporation (NTRS) Neutral

SunTrust Robinson Humphrey analysts John W Stilmar and Greg Robinson rated shares of Northern Trust Corporation (Nasdaq: NTRS) as Neutral.

The analysts said that their 20%+ estimate for 2011 earnings (shared by Wall Street) was too high.

They said that even when rising interest rates are factored in, Northern Trust Corporation was unlikely to achieve such a growth rate.

The SunTrust Robinson Humphrey analysts wrote, "outside of the benefit from a higher rate environment, we remain acutely focused on the PFS segment for revenue growth. More specifically for the first quarter, we are looking for signs that PFS clients are making a more meaningful rotation into higher-risk products."