E*TRADE (ETFC) Turnaround Has Little Room for Error

Compass Point maintained a Neutral rating on E*TRADE (NASDAQ: ETFC) and raised its price target of $10.00 (from $9.00) after the company reported Q4 earnings.

"Although core results were steady, highlighted by continued credit and capital progress, we remain on the sidelines given the still-present risks associated with the company's legacy loan portfolio and ongoing deleveraging actions," said analyst Michael Tarkan.

Tarkan noted a recent pickup in retail activity but is not convinced it is sustainable.

"We believe shares now reflect consistent execution of the company's restructuring plan, leaving little room for a misstep," concluded the analyst.

For an analyst ratings summary and ratings history on E*TRADE (NASDAQ: ETFC) click here. For more ratings news on E*TRADE click here.

Shares of E*TRADE closed at $10.27 yesterday.

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