Charles Schwab Corp. (SCHW) PT Raised to $96 at Jefferies

Jefferies analyst Daniel Fannon raised the price target on Charles Schwab Corp. (NYSE: SCHW) to $96.00 (from $89.00) while maintaining a Buy rating.

The analyst commented, "Momentum across the business continues to be positive even as retail engagement moderates somewhat. The 4Q21 outlook was generally consistent with expectations as the interest rate backdrop modestly improves, offset partially by higher cash allocations. Net new asset trends across retail and advisor channels are strong with organic growth of approx. +8% and the leverage to higher interest rates remains significant."

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