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.
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