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Nomura weighs in on State Street (STT -0.7%) after digesting the firm's Analyst Day presentation...

Nomura weighs in on State Street (STT -0.7%) after digesting the firm's Analyst Day presentation - maintaining a Buy rating and price target of $40. Analyst Glenn Schorr says that the firm is well-positioned and expects above-average growth, but warns of cyclical headwinds that include net interest income and FX.
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