E*TRADE (ETFC) PT Raised to $35 at Jefferies Following Meetings

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."

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 $34.51 yesterday.

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