Northern Trust Upgraded to Outperform by BMO Capital Markets

Asset manager receives new 'outperform' rating and $168 price target from analysts.

Apr. 6, 2026 at 12:19pm

Northern Trust (NASDAQ:NTRS) was upgraded by research analysts at BMO Capital Markets from a 'market perform' rating to an 'outperform' rating. The firm also set a new $168.00 target price on the stock, indicating a potential upside of 18.10% from the company's previous close.

Why it matters

This upgrade from BMO Capital Markets reflects growing optimism around Northern Trust's financial performance and future growth prospects. As a major asset manager, Northern Trust's stock performance is closely watched as a bellwether for the broader finance and investment management industry.

The details

In their research note, BMO Capital Markets cited Northern Trust's strong fundamentals and market position as reasons for the upgrade. The firm believes the company is well-positioned to capitalize on ongoing trends in the asset management space.

  • The rating upgrade and new price target were issued on Monday, April 6, 2026.

The players

Northern Trust

A global financial services firm headquartered in Chicago that provides asset servicing, asset management and wealth management solutions to institutions, corporations and high-net-worth individuals.

BMO Capital Markets

The investment banking arm of Bank of Montreal, providing research, trading, and underwriting services to corporate, institutional, and government clients.

Got photos? Submit your photos here. ›

What’s next

Investors will be closely watching Northern Trust's upcoming financial results and guidance to see if the company can deliver on the optimism reflected in BMO's upgrade.

The takeaway

This rating upgrade underscores the strength of Northern Trust's franchise and the confidence analysts have in the company's ability to navigate the evolving asset management landscape. The new $168 price target suggests further upside potential for the stock.