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Fly News Breaks for April 25, 2018
AMTD
Apr 25, 2018 | 06:48 EDT
Deutsche Bank analyst Brian Bedell views yesterday's selloff in shares of TD Ameritrade as overdone after the company reported "good underlying" Q2 results. Although management raised its expense outlook for fiscal 2018, this includes the margin loan loss, higher severance charges, additional headcount amid higher volumes and additional tech spend, Bedell tells investors in a research note. He raised his price target for TD shares to $71 from $70 and keeps a Buy rating on the name.
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