Charles Schwab price target lowered to $108 from $117 at Argus

Argus lowered the firm’s price target on Charles Schwab (SCHW) to $108 from $117 and keeps a Buy rating on the shares after its Q1 results last week. The company’s revenue grew a robust 16% with gains across major categories, while its net interest margin expanded and total client assets reached $11.8T, the analyst tells investors in a research note. Argus adds that it expects Schwab to post above-peer-average growth in the medium term, thanks to its innovative products and continued market-share gains.