JMP Securities: Upgrades Charles Schwab (SCHW.US) to "Outperform" with a target price of $73.
智通财经2023-07-10
According to Zhitong Finance APP,JMP Securities analyst Devin Ryan willCharles Schwab(SCHW.US) stock rating upgraded from "Market Perform" to "Outperform" with a target price of $73.Analysts say recent data shows the company's cash flow stabilized last quarter. Analysts believe that for Charles Schwab, cash-related headwinds have the most severe impact, so any signs of stabilization will provide some "relief" to its stock valuation. Analysts also stated that, according to the company's second-quarter earnings guidance, the decline in its profits has disappeared.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.