TD Ameritrade faces scrutiny over Scottrade purchase

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Go back to TD Ameritrade faces scrutiny over Scottrade purchase

SunTrust Robinson Humphrey Reiterates Buy as TD Ameritrade (AMTD) Announces Scottrade Acquisition

October 25, 2016 8:27 AM EDT

SunTrust Robinson Humphrey reiterated a Buy rating on TD Ameritrade (NASDAQ: AMTD), and raised the price target to $42.00 (from $38.00), following the company's 4Q earnings report and announced acquisition of Scottrade. The total consideration ($4 billion) and basic structure of the transaction were consistent with earlier... More