tiprankstipranks

Charles Schwab price target raised to $83 from $76 at Morgan Stanley

Morgan Stanley analyst Michael Cyprys raised the firm’s price target on Charles Schwab (SCHW) to $83 from $76 and keeps an Overweight rating on the shares. Post Q1 EPS, the firm raised its Q2 EPS view by 3% to $1.11, ahead of consensus at $1.06, on better asset management and advisory fees and trading revenue. The firm also raised its FY25 and FY26 EPS forecast by 1% and 3%, respectively, the analyst tells investors.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue