Morgan Stanley analyst Michael Cyprys lowered the firm’s price target on Charles Schwab (SCHW) to $130 from $131 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Brokers & Exchanges North America sector under its coverage, the analyst tells investors. The firm believes brokers are poised to benefit from growth due to better visibility around rates paths and continued retail engagement.
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