Charles Schwab price target raised to $131 from $117 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Charles Schwab (SCHW) to $131 from $117 and keeps an Overweight rating on the shares. Post Q2 earnings, the firm raised its FY25 and FY26 EPS estimates by 5% and 7%, respectively, citing net interest margin expansion, higher trading revenues, and asset management fees.