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SCHW

Charles Schwab

$51.52

0.08 (0.16%)

07:21
01/04/18
01/04
07:21
01/04/18
07:21

Charles Schwab price target raised to $55 from $47 at Wells Fargo

Wells Fargo analyst Chris Harris raised his price target for Charles Schwab to $55 from $47 to incorporate the benefits of tax reform as well as higher interest rates. The analyst reiterates a Market Perform rating on the shares.

SCHW Charles Schwab
$51.52

0.08 (0.16%)

12/15/17
RHCO
12/15/17
NO CHANGE
Target $56
RHCO
Buy
Charles Schwab price target raised to $56 from $49 at SunTrust
SunTrust analyst Douglas Mewhirter raised his price target on Charles Schwab to $56 and kept his Buy rating after the company's monthly and weekly metrics showing strong DART growth, inline client assets, and higher interest-earning assets. Mewhirter says the company has the "best strategic position" of any retail broker while trading in line with its 5-year average valuation.
12/27/17
RHCO
12/27/17
NO CHANGE
Target $63
RHCO
Buy
Charles Schwab price target raised to $63 on tax benefits at SunTrust
SunTrust analyst Douglas Mewhirter noted that Charles Schwab's CFO last week provided updated tax guidance based on the tax bill just signed into law that will take effect in January 2018. Given the potential for a substantial lift to future earnings, Mewhirter raised his 2018 EPS forecast for Charles Schwab to $2.35 from $1.99 and increased his price target on the shares to $63 from $56. The analyst, who said he is unsure how much of the tax cut was already priced into the current valuation, maintains a Buy rating on Charles Schwab shares.
01/03/18
JMPS
01/03/18
DOWNGRADE
JMPS
Market Perform
Charles Schwab downgraded to Market Perform from Outperform at JMP Securities
JMP Securities analyst Devin Ryan downgraded Charles Schwab to Market Perform from Outperform, as he now views its valuation as more adequately reflecting the current risk and reward following the stock's recent outperformance. He still sees Schwab as one of the most forward thinking and innovative firms in the industry, but expects more modest returns over the next year than generated in the past several years, he tells investors.
01/03/18
01/03/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Harley-Davidson (HOG) downgraded to Underperform from Neutral at Longbow with analyst David MacGregor saying channel checks in the fourth quarter revealed that Harley's U.S. retail sales are trending down 5%-7% with U.S. shipments expected to be down at least 20%. 2. TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo with analyst Ike Boruchow saying Marmaxx has simply become too big to generate share gains similar to years past. 3. Honeywell (HON) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying the stock is likely to "take a breather" this year after a solid run in 2017, adding that despite the potential margin upside, the positive catalysts of "Turbo/Homes spin announcements and CEO transition" have played out. 4. Pinnacle West (PNW) downgraded to Underperform from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith saying valuation is priced at the "pinnacle" and sees risks that a -$1.3B CapEx budget still results in earnings closer to -5% on a net basis, and potential downside to Street estimates of between 5c-10c. 5. Charles Schwab (SCHW) downgraded to Market Perform from Outperform at JMP Securities with analyst Devin Ryan saying he now views its valuation as more adequately reflecting the current risk and reward following the stock's recent outperformance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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