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UPDATE: Piper Jaffray Starts E*TRADE (ETFC) at Neutral

June 2, 2015 4:45 PM EDT
Get Alerts ETFC Hot Sheet
Price: $49.26 --0%

Rating Summary:
    11 Buy, 13 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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(Updated - June 3, 2015 7:24 AM EDT)

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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