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Fly News Breaks for September 26, 2016
SCHW
Sep 26, 2016 | 08:26 EDT
Morgan Stanley analyst Michael Cyprys initiated Charles Scwhab with an Overweight and a $37 price target. The analyst believes Charles Schwab is uniquely positioned to generate above peer asset growth driven by retail and institutional channels, migration of client cash to the balance sheet from money market funds, greater leverage to rising rates, and benefits from the Department of Labor's Fiduciary Rule which could drive share shift toward the company's low fee products.
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