JPMorgan raised the firm’s price target on Charles Schwab to $95 from $92 and keeps an Overweight rating on the shares post the Q2 report. The analyst also added the shares to JPMorgan’s Analyst Focus List with “compelling upside” of 44% given the company’s improving fundamentals. Schwab reported an earnings beat, presented a strong outlook, and indicated that cash sorting continues to slow materially, the analyst tells investors in a research note. The firm says management’s guidance de-risks the thesis.
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