TD Cowen raised the firm’s price target on Charles Schwab to $78 from $75 and keeps a Hold rating on the shares. The firm said while they believe the particularly robust month-over-month jump in transactional sweep cash in September may not be fully sustainable, theye believe the broader takeaway presuming forward curves remain constant, centers on clearer line of sight to B/S normalization and building EPS upcycle.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCHW:
- TD Bank comments on expected impact of Schwab’s Q3 earnings
- Charles Schwab price target raised to $87 from $86 at JPMorgan
- Charles Schwab price target raised to $84 from $82 at JMP Securities
- Charles Schwab price target raised to $74 from $64 at Barclays
- Charles Schwab price target raised to $75 from $70 at Wells Fargo