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Fly News Breaks for January 24, 2018
AMTD
Jan 24, 2018 | 09:34 EDT
SunTrust analyst Douglas Mewhirter raised his price target on TD Ameritrade to $72 after a stronger than expected Q1 and an improved outlook for FY18. Mewhirter notes that organic asset flows have remained strong and revenues were stable despite lower average customer cash balances, while the trading activity was stronger than his prior forecast. The analyst keeps his Buy rating on TD Ameritrade.
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