Morgan Stanley analyst Michael Cyprys raised the firm’s price target on Charles Schwab (SCHW) to $83 from $76 and keeps an Overweight rating on the shares. Post Q1 EPS, the firm raised its Q2 EPS view by 3% to $1.11, ahead of consensus at $1.06, on better asset management and advisory fees and trading revenue. The firm also raised its FY25 and FY26 EPS forecast by 1% and 3%, respectively, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- Charles Schwab’s Strong Financial Performance and Strategic Positioning Justify Buy Rating with USD 95 Target Price
- Morgan Stanley (MS) to Launch Crypto Trading on E*Trade Platform
- BlackRock, Kroger, Schwab, US Bancorp, e.l.f. Beauty: Insider Moves Unveiled
- Super Micro, Opko Health, Hasbro, Charles Schwab, Rocket Lab: Trending by Analysts
- China weighs U.S. tariff exemptions, Alphabet reports Q1 beat: Morning Buzz