E*TRADE (ETFC) PT Bumped to $34 at SunTrust Robinson Humphrey Following Analyst Dinner

November 29, 2016 6:31 AM EST
Get Alerts ETFC Hot Sheet
Price: $36.43 +0.52%

Rating Summary:
    17 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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SunTrust Robinson Humphrey analyst Douglas Mewhirter bumped his price target on E*TRADE (NASDAQ: ETFC) to $34.00 (from $31.00) but maintained a Hold rating following an analyst dinner held in New York.

Mewhirter commented, "The higher price target reflects a) an increase in peer valuations as well as b) higher confidence that the company will be able to meet its margin and growth targets (especially margin). The new management team provided a few more specifics around execution of the company's strategy, and all of the speakers were very encouraged by both the progress within the company to date as well as the improved interest rate environment."

For an analyst ratings summary and ratings history on E*TRADE click here. For more ratings news on E*TRADE click here.

Shares of E*TRADE closed at $33.89 yesterday.

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