Goldman Sachs upgraded Charles Schwab (SCHW) to Buy from Neutral with a $100 price target implying 27% upside from the current stock price. In an environment that remains “highly uncertain,” Schwab offers one of the best earnings growth outlooks in the sector with its earnings expected to compound at 25% annually through 2027, the analyst tells investors in a research note. The firm says the company’s balance sheet stabilization is driving “mechanical” net interest income acceleration while management’s recent hedging actions partially reducing risks from lower short term rates.
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