Citizens JMP lowered the firm’s price target on Charles Schwab (SCHW) to $94 from $96 and keeps an Outperform rating on the shares. The recovery in Financial Services business momentum, like in Investment Banking, which started in 2024 and had been accelerating, is now in jeopardy, the analyst tells investors in a research note. Earnings season matters a lot less than the macro right now, the firm says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCHW:
- Charles Schwab call volume above normal and directionally bullish
- Charles Schwab price target lowered to $84 from $96 at Barclays
- Charles Schwab price target lowered to $85 from $91 at Truist
- Charles Schwab price target lowered to $66 from $74 at BofA
- Charles Schwab upgraded to Buy from Neutral at Citi