Goldman Sachs Upgrades Charles Schwab Corp. (SCHW) to Buy, Sees NIM Stabilization
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Price: $72.93 +0.59%
Rating Summary:
17 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
17 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Goldman Sachs upgraded Charles Schwab Corp. (NYSE: SCHW) from Neutral to Buy with a price target of $14, suggesting 15% upside.
The firm notes Charles Schwab has underperformed due to NIM compression and structural money fund industry concern. They now see NIM stabilization in 2013 and annual EPS growth of 15%-20% thereafter.
For an analyst ratings summary and ratings history on Charles Schwab Corp. click here. For more ratings news on Charles Schwab Corp. click here.
Shares of Charles Schwab Corp. closed at $12.16 yesterday.
The firm notes Charles Schwab has underperformed due to NIM compression and structural money fund industry concern. They now see NIM stabilization in 2013 and annual EPS growth of 15%-20% thereafter.
For an analyst ratings summary and ratings history on Charles Schwab Corp. click here. For more ratings news on Charles Schwab Corp. click here.
Shares of Charles Schwab Corp. closed at $12.16 yesterday.
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