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Charles Schwab price target lowered to $107 from $120 at Deutsche Bank

Deutsche Bank analyst Brian Bedell lowered the firm’s price target on Charles Schwab to $107 from $120 and keeps a Buy rating on the shares. The company is in a strong position but issued a mixed 2023 financial outlook, the analyst tells investors in a research note. The firm is "somewhat disappointed" with the 2023 financial outlook, which it says seemed to dampen an otherwise very positive business update.

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