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Fly News Breaks for October 19, 2018
ETFC
Oct 19, 2018 | 08:03 EDT
Barclays analyst Jeremy Campbell lowered his price target for E-Trade Financial to $60 after the company unveiled a strategy to go at it alone. The company's growth over the prior two years and future prospects check the necessary boxes to keep the board confident that an independent E-Trade will return greater shareholder value than a sale, Campbell tells investors in a research note. The analyst says that while he questions that premise, E-Trade's near-term growth prospects keep him upbeat on its earnings power. He keeps an Overweight rating on E-Trade.
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