BofA analyst Craig Siegenthaler raised the firm’s price target on Charles Schwab (SCHW) to $91 from $88 and keeps an Underperform rating on the shares. Looking ahead to 2026, the firm now favors the alternative asset managers to online brokers due to what it sees as a better valuation and positioning setup combined with a stronger macro backdrop, the analyst tells investors in a note on the brokers, asset managers and exchanges group.
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