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: 13 | Down: 11 | New: 11
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TD Cowen Starts Grindr (GRND) at Buy
- Teleperformance (TEP:FP) (TLPFY) PT Lowered to EUR125 at RBC Capital, 'perceived risk profile makes it a no-fly zone for many investors'
- Piper Sandler Starts TransMedics Group (TMDX) at Overweight, believes strong growth will continue for several more years
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
Piper JaffraySign 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!