Goldman Sachs Lifts Target On TD Ameritrade (AMTD)

Goldman Sachs raised its price targeton TD Ameritrade (NASDAQ: AMTD) from $16 to $18 following investor meetings with the CFO and other management.

The firm said while the strain on EPS growth is well understood given low short-term rates, "there is a less-pronounced appreciation for potential EPS growth when NIM merely stops compressing."

AMTD's ability to leverage fee-based income sources could increase noticeably in 2014, with or without the Fed, the firm notes.

The firm is maintaining a Neutral rating on the stock.

For an analyst ratings summary and ratings history on TD Ameritrade click here. For more ratings news on TD Ameritrade click here.

Shares of TD Ameritrade closed at $16.00 yesterday.

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