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Fly News Breaks for November 27, 2019
SCHW, AMTD
Nov 27, 2019 | 06:13 EDT
Barclays analyst Jeremy Campbell upgraded Charles Schwab (SCHW) to Equal Weight from Underweight with a price target of $49, up from $35. The analyst this morning also upgraded TD Ameritrade (AMTD) to Equal Weight from Underweight. Schwab's acquisition of Ameritrade unlocks an expected $1.8B-$2B of cost synergies, Campbell tells investors in a research note. Based on the "relatively in-line valuation to the current price," he upgrades both stocks to Equal Weight.
News For SCHW;AMTD From the Last 2 Days
AMTD, SCHW
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.