Goldman Sachs Resumes E*TRADE (ETFC) at Neutral, Unique Story Priced In
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Price: $49.26 --0%
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs resumes coverage on E*TRADE (NASDAQ: ETFC) with a Neutral rating and $11 price target.
The firm said E*TRADE is the "most unique story in the group, with several firm-specific catalysts that could drive 2X EPS growth over the next three years, with the biggest tailwind related to improving credit at the bank." That said, at 20X NTM P/E the upside scenario is priced in and they would wait 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 $10.66 yesterday.
The firm said E*TRADE is the "most unique story in the group, with several firm-specific catalysts that could drive 2X EPS growth over the next three years, with the biggest tailwind related to improving credit at the bank." That said, at 20X NTM P/E the upside scenario is priced in and they would wait 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 $10.66 yesterday.
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