UBS names State Street (STT +2.4%) as its top pick in its trust bank coverage, starting coverage...

|About: State Street Corporation (STT)|By:, SA News Editor

UBS names State Street (STT +2.4%) as its top pick in its trust bank coverage, starting coverage with a Buy rating and $46 price target. STT has more near-term positive catalysts and is best-positioned among the group to withstand the current environment, UBS says. Also initiated at Buy: USB, BBT, STI.