As previously reported, BofA/Merrill upgraded TD Ameritrade to Buy from Neutral and raised its price target to $66 from $62. Analyst Michael Carrier views TD Ameritrade's near-term outlook as attractive given healthy new net asset growth, higher interest rates, and strong DARTs. Further, the analyst expects the Scottrade acquisition and capital management flexibility to yield further synergy benefits and upside to margins. Carrier views valuation as "attractive" and thinks additional M&A in the sector is likely, which could create more upside for shares.