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Fly News Breaks for June 5, 2015
SCHW
Jun 5, 2015 | 06:37 EDT
Goldman assumed coverage on Charles Schwab with a Buy rating from a Neutral rating and $36 price target. The firm's analyst believes Schwab's growth from deposit onboarding is underappreciated and will benefit from rising rates and a more defensive revenue risk. Additionally, Goldman said Schwab's Retirement Investment Account business positions the company to capture growing retirement assets as passive investing continues to gain share, particularly with the launch of Schwab Intelligent Portfolio.
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