Jefferies raised the firm’s price target on Charles Schwab (SCHW) to $94 from $84 and keeps a Buy rating on the shares. After having recently spent time with the company’s new CFO, Mike Verdeschi, the analyst notes that fundamental trends “continue to be positive.” With the AMTD conversion complete and accelerating momentum in the RIA channel, the firm anticipates growth to improve, calling Schwab a “top pick for 2025” given improving fundamentals and a higher-for-longer interest rate backdrop.
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