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Charles Schwab price target raised to $113 from $95 at TD Cowen

TD Cowen raised the firm’s price target on Charles Schwab (SCHW) to $113 from $95 and keeps a Buy rating on the shares. The firm believes they is entering the next phase of its evolution that should result in a higher structural multiple and it remains their top retail brokr-dealer selection and top overall pick across their coverage.

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