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AMTD

TD Ameritrade

$59.60

0.52 (0.88%)

08:04
07/25/18
07/25
08:04
07/25/18
08:04

TD Ameritrade upgraded to Neutral on valuation at Credit Suisse

As previously reported, Credit Suisse analyst Craig Siegenthaler upgraded TD Ameritrade to Neutral as he believes its relative valuation no longer justifies an Underperform rating, and he estimates its organic growth will accelerate into 2019 given that Scottrade-related attrition peaked last quarter and is now improving. The analyst also raised his price target on the shares to $63 from $58.

AMTD TD Ameritrade
$59.60

0.52 (0.88%)

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.
07/20/18
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.
07/24/18
FBCO
07/24/18
UPGRADE
FBCO
Neutral
TD Ameritrade upgraded to Neutral from Underperform at Credit Suisse
07/25/18
DBAB
07/25/18
NO CHANGE
Target $72
DBAB
Buy
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.

TODAY'S FREE FLY STORIES

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MSFT

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HBIO

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MSFT

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ISRG

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GLD

SPDR Gold Shares

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WAL

Western Alliance

$44.45

0.74 (1.69%)

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ENB

Enbridge

$36.29

0.17 (0.47%)

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SEAS

SeaWorld

$33.81

0.38 (1.14%)

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IEP

Icahn Enterprises

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RICK

RCI Hospitality

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BEDU

Bright Scholar

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ISRG

Intuitive Surgical

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CUB

Cubic

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CLRO

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ETN

Eaton

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FNF

Fidelity National

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AIG

AIG

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GOGL

Golden Ocean

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BA

Boeing

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  • 24

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ORCC

Owl Rock

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  • 18

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FFBC

First Financial Bancorp

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