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Fly News Breaks for October 23, 2019
AMTD
Oct 23, 2019 | 09:28 EDT
Deutsche Bank analyst Brian Bedell raised his price target for TD Ameritrade to $39 from $34 saying the company's "solid" fiscal Q4 results and 2020 outlook seem better than originally expected. The analyst, however, reiterates a Hold rating on the shares, saying TD Ameritrade's "evolving business model" in a lower interest-rate backdrop, continued heavy competition, and the search for a permanent CEO may weigh on its valuation.
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