E*TRADE (ETFC) PT Raised to $35 at Jefferies Following Meetings
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
Jefferies analyst Daniel Fannon raised his price target on E*TRADE (NASDAQ: ETFC) to $35.00 (from $31.00) following meetings with management and a refocus on trading. The firm, however, didn't change their Hold rating.
Fannon commented, "Earlier this week we sat down with the mgmt. team of ETFC. The message of growth and efficiency was reiterated throughout the evening. The integration of OptionsHouse is underway and represents the primary catalyst to igniting that growth. In the short term, increased market volatility, higher interest rates and market levels represent a positive backdrop for ETFC and its peers."
Shares of E*TRADE closed at $34.51 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Raises Price Target on Casey's General Stores (CASY) Following 2Q Earnings Report
- Jefferies Raises Price Target on NeuroDerm (NDRM) to $42
- FBR Capital Raises Price Target on Methode Electronics (MEI) Following Better Than Expected 2Q
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change
Related EntitiesJefferies & Co
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!