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Charles Schwab price target raised to $100 from $97 at Truist

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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