Truist raised the firm’s price target on Charles Schwab (SCHW) to $100 from $97 and keeps a Buy rating on the shares. The firm notes that the company’s May net new asset growth slowed and cash mix fell as trading dipped following a huge August, though it is updating its assumed earnings multiple in line with those of the rebounding market over the past month, the analyst tells investors in a research note.
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Read More on SCHW:
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- Charles Schwab upgraded to Neutral from Sell at Redburn Atlantic
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