Charles Schwab price target raised to $112 from $107 at Truist

Truist raised the firm’s price target on Charles Schwab (SCHW) to $112 from $107 and keeps a Buy rating on the shares. The company’s monthly assets data was “a hot one” as net new assets growth accelerated back above 5% and was nearly 6% on a seasonally adjusted basis by our math accounting for a typical July headwind – the strongest growth in more than 2 years, the analyst tells investors in a research note.