Charles Schwab price target raised to $114 from $110 at Raymond James

Raymond James analyst Patrick O’Shaughnessy raised the firm’s price target on Charles Schwab (SCHW) to $114 from $110 and keeps an Outperform rating on the shares. With high-cost funding largely paid down, Schwab is positioned to reinvest maturing securities at higher yields, largely offsetting net interest margin pressure from Fed Funds cuts, while retail trading and margin utilization remain strong, the analyst tells investors in a research note. Improving net new assets and account growth support a return of capital to shareholders and a clear path to meaningful EPS growth in 2026, with upside to the current valuation, the firm adds.