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SCHW

Charles Schwab

$31.73

-0.17 (-0.53%)

07:23
10/13/16
10/13
07:23
10/13/16
07:23

Charles Schwab upgraded to Buy from Neutral at BofA/Merrill

BofA/Merrill analyst Michael Carrier upgraded Charles Schwab to Buy and raised its price target to $38 from $32. The analyst sees upside from higher interest rates given Schwab's exposure to money markets and portfolio duration and from other strategic factors including M&A activity and/or competitive/pricing. Further, Carrier said Schwab has strong organic growth, less pressure from competition, is well positioned for DOL, and can balance revenue and expense growth.

SCHW Charles Schwab
$31.73

-0.17 (-0.53%)

03/23/16
03/23/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Town Sports (CLUB) initiated with an Outperform at Imperial Capital by analyst George Kelly, who said the stock has considerable upside potential despite the company's significant challenges. 2. Charles Schwab (SCHW) initiated with a Buy and a Neutral at Argus and SunTrust, respectively. 3. Newfield Exploration (NFX) initiated with a Buy at Topeka. 4. Incyte (INCY) initiated with an Overweight at Morgan Stanley. 5. Square (SQ) initiated with an Outperform at CLSA. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/16
MSCO
09/26/16
INITIATION
Target $37
MSCO
Overweight
Charles Schwab initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Michael Cyprys initiated Charles Scwhab with an Overweight and a $37 price target. The analyst believes Charles Schwab is uniquely positioned to generate above peer asset growth driven by retail and institutional channels, migration of client cash to the balance sheet from money market funds, greater leverage to rising rates, and benefits from the Department of Labor's Fiduciary Rule which could drive share shift toward the company's low fee products.
09/26/16
09/26/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Apache (APA) initiated with a Neutral at MUFG. 2. Marriott (MAR) was initiated with a Buy at Goldman while the firm initiated La Quinta (LQ) with a Sell. Goldman also initiated Red Rock Resorts (RRR), Hyatt (H), and Wyndham (WYN) with a Neutral. 3. Charles Schwab (SCHW) was initiated with an Overweight at Morgan Stanley while the firm initiated E-Trade (ETFC) and TD Ameritrade (AMTD) with an Equal Weight. 4. Valvoline (VVV) initiated with a Buy at Seaport Global. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/30/16
WELS
09/30/16
NO CHANGE
WELS
Multiple companies could pursue Scottrade, says Wells Fargo
After Bloomberg reported that Scottrade is working with an adviser to explore selling itself, and the article mentioned Ameritrade (AMTD) as a potential suitor, Wells Fargo says that Charles Schwab (SCHW) and E-Trade (ETFC) could "also have interest" in Scottrade. The firm says that the deal could be accretive by double digit percentage levels for all of the potential suitors named. However, ti says that Ameritrade "may be the most logical buyer," since E-Trade just closed on an acquisition and Schwab has sought to place less emphasis trading. The firm keeps an Outperform rating on E-Trade and Market Perform ratings on Schwab and TD Ameritrade.

TODAY'S FREE FLY STORIES

WAT

Waters

$160.27

1.75 (1.10%)

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AAPL

Apple

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CBS

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-0.89 (-1.33%)

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WAT

Waters

$160.27

1.75 (1.10%)

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WHR

Whirlpool

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$DJT

DJ Transportation Average

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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IYT

iShares Transportation Average

$167.06

2.65 (1.61%)

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General news
U.S. chain store sales rose 0.6% in the week ended April 22 »

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XLK

Technology Select Sector SPDR

$53.80

0.63 (1.18%)

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KO

Coca-Cola

$43.28

0.21 (0.49%)

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Coca-Cola sees FY17 net CapEx $2B-$2.5B »

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XLE

Energy Select Sector SPDR

$68.19

0.4 (0.59%)

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XLY

Consumer Discretionary Sector SPDR

$88.82

0.57 (0.65%)

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SNE

Sony

$33.82

0.14 (0.42%)

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XLB

S&P Select Materials SPDR

$52.80

0.6 (1.15%)

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COH

Coach

$39.30

0.19 (0.49%)

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XLU

Utilities SPDR

$52.00

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XLP

Consumer Staples Sector SPDR

$55.50

0.5 (0.91%)

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XLV

Health Care Select Sector SPDR

$74.41

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ALK

Alaska Air

$90.68

1.57 (1.76%)

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Virgin America

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ALK

Alaska Air

$90.68

1.57 (1.76%)

VA

Virgin America

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IWM

iShares Trust Russell 2000 Index Fund

$138.92

1.71 (1.25%)

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KO

Coca-Cola

$43.28

0.21 (0.49%)

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Hot Stocks
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DIA

Diamonds Fund ETF

$207.38

2.13 (1.04%)

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SPY

SPDR S&P 500 ETF Trust

$237.17

2.58 (1.10%)

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