TD Ameritrade (AMTD) PT Raised to $72 at SunTrust Robinson Humphrey on 1Q Report; 'Very Strong Trading Activity and Lower Tax Rate'
SunTrust Robinson Humphrey raised its price target on TD Ameritrade (NASDAQ: AMTD) to $72.00 (from $60.00) while maintaining a Buy rating, following the company's first quarter earnings report.
Analyst Douglas Mewhirter notes a positive outlook on the shares, as the company reported 2018 first quarter revenues above consensus fueled by "very strong customer trading activity and lower tax rate," supporting a boost to estimates, despite EPS that was in-line with estimates.