Charles Schwab price target lowered to $67 from $69 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Charles Schwab to $67 from $69 and keeps a Buy rating on the shares. The company’s Q3 was better than feared and favorable trends are emerging, the analyst tells investors in a research note. The firm views Schwab’s Q3 earnings as being broadly in line with expectations and much better than feared by many investors, which it sees as a positive catalyst for the stock, particularly given its underperformance over the past few months.