Truist lowered the firm’s price target on Charles Schwab (SCHW) to $84 from $85 and keeps a Buy rating on the shares. The firm is adjusting its model after the company’s Q1 results and its management commentary, also noting that it is now assuming a lower earnings multiple to reflect greater economic uncertainty, the analyst tells investors in a research note.
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Read More on SCHW:
- Charles Schwab price target raised to $70 from $66 at BofA
- Charles Schwab price target raised to $95 from $88 at TD Cowen
- Charles Schwab’s Resilient Growth and Upside Potential Justify Buy Rating
- Positive Outlook for Charles Schwab: Strong Financial Performance and Strategic Growth Initiatives Drive Buy Rating
- Strong Financial Performance and Strategic Positioning Drive Buy Rating for Charles Schwab
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