UPDATE: Piper Jaffray Starts E*TRADE (ETFC) at Neutral
Get Alerts ETFC Hot Sheet
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Piper Jaffray initiated coverage on E*TRADE (NASDAQ: ETFC) with a Neutral rating and a price target of $32.00.
Analyst Jason Weyeneth commented, "We are initiating coverage of ETFC with a Neutral rating and $32 price target. Despite the firm being in the early innings of a sizable capital deployment story, a significant beneficiary of higher interest rates, and newly refocused on driving growth in their core business, we view the valuation and the risk/reward as less compelling following material outperformance of the shares and look for a better entry point."
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 $29.49 yesterday.
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