Fly News Breaks for November 26, 2019
Nov 26, 2019 | 08:59 EDT
Wells Fargo analyst Christopher Harris upgraded TD Ameritrade (AMTD) to Market Perform from Underperform with a price target of $53, up from $34, to reflect the current implied takeout value after the company announced a deal to be acquired by Charles Schwab (SCHW). He maintains a Market Perform rating on Schwab too and raised his price target on its shares to $52 from $42 due to the anticipated deal related EPS accretion and better than expected synergies.
News For AMTD;SCHW From the Last 2 Days
Dec 9, 2019 | 04:48 EST
Raymond James analyst Patrick O'Shaughnessy downgraded TD Ameritrade (AMTD) to Market Perform from Outperform. The analyst views the shares as fairly valued following the Charles Schwab (SCHW) merger announcement.