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ETFC

E-Trade

$60.03

(0.00%)

, AMTD

TD Ameritrade

$59.60

0.52 (0.88%)

06:54
07/25/18
07/25
06:54
07/25/18
06:54

Deutsche says Ameritrade, E-Trade merger 'becoming more compelling'

Deutsche Bank analyst Brian Bedell continues to see a merger between TD Ameritrade (AMTD) and E-Trade (ETFC) as making strategic and financial sense. With TD Ameritrade's integration of recently acquired Scottrade progressing better than expectations, a merger scenario with E-Trade is "becoming more compelling," Bedell tells investors in a research note. He updated his merger scenario model, raising his hypothetical merger scenario value of E-Trade from TD Ameritrade's perspective to $77 from $72, nearly a 30% premium to the current share price. Bedell raised his price target for TD Ameritrade to $77 from $72 and for E-Trade to $72 from $70. He keeps Buy ratings on both stocks.

ETFC

E-Trade

$60.03

(0.00%)

AMTD

TD Ameritrade

$59.60

0.52 (0.88%)

ETFC E-Trade
$60.03

(0.00%)

05/21/18
WELS
05/21/18
NO CHANGE
Target $73
WELS
Outperform
E-Trade price target raised to $73 from $67 at Wells Fargo
Wells Fargo analyst Christopher Harris raised his price target for E-Trade to $73 from $67 saying he remains bullish on the shares as he sees the current valuation as hardly stretched, consensus EPS as much too low and the operating environment as remaining constructive. The analyst reiterates an Outperform rating on the shares.
05/31/18
UBSW
05/31/18
NO CHANGE
Target $73
UBSW
Buy
E-Trade price target raised to $73 from $67 at UBS
UBS analyst Brennan Hawkin raised his price target on E-Trade to $73 from $67 as he believes the stakes have been raised for a potential buyout. The analyst said the probability remains unclear but a deal with peers is probably most attractive, although he does not rule out a bank or broker. His increased price target reflects some takeout premium given the active bidding process, noted Hawkin, who reiterated his Buy rating on E-Trade shares.
06/04/18
COMP
06/04/18
INITIATION
Target $72
COMP
Buy
E-Trade initiated with a Buy at Compass Point
Compass Point initiated E-Trade with a Buy and $72 price target.
07/20/18
FBCO
07/20/18
NO CHANGE
Target $77
FBCO
Outperform
E-Trade's softer growth may imply higher chance of takeout, says Credit Suisse
Credit Suisse analyst Craig Siegenthaler reiterated an Outperform rating on E-Trade (ETFC) and cut his price target to $77 from $79, telling investors in a research note that he forecasts modest upside to long-term EPS. The analyst says that softer core growth may imply a higher probability of a takeout, and thinks there is a ~50% probability that the board will look to sell the firm within six months. If E-Trade is put up for sale in October, the analyst estimates 30%+ upside given sizeable expense redundancies with likely acquirers TD Ameritrade (AMTD) and Charles Schwab (SCHW), but estimates ~10% near-term downside if the board decides to stay independent.
AMTD TD Ameritrade
$59.60

0.52 (0.88%)

06/04/18
COMP
06/04/18
INITIATION
Target $74
COMP
Buy
TD Ameritrade initiated with a Buy at Compass Point
Compass Point initiated TD Ameritrade with a Buy and $74 price target.
06/05/18
06/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cision (CISN) initiated with an Outperform at Baird. 2. TD Ameritrade (AMTD) initiated with a Buy at Compass Point. 3. Steven Madden (SHOO) initiated with a Hold at Loop Capital. 4. Abeona Therapeutics (ABEO) initiated with a Buy at Seaport Global. 5. Weight Watchers (WTW) initiated with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/24/18
FBCO
07/24/18
UPGRADE
FBCO
Neutral
TD Ameritrade upgraded to Neutral from Underperform at Credit Suisse

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UNP

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TMUS

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, S

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AEO

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, S

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, S

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ORCC

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$0.00

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PEG

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HON

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AMK

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AMRB

American River

$12.92

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