Charles Schwab upgraded to Buy from Neutral at UBS UBS upgraded Charles Schwab to Buy saying fears over high frequency trading are misplaced. The firm sees rate upside in 2016 and raised its price target for the stock to $33 from $28.
News For SCHW From The Last 14 Days
Check below for free stories on SCHW the last two weeks.
Charles Schwab DARTs momentum continued in July, says UBS UBS noted that Charles Schwab's (SCHW) daily average revenue trades, or DARTS, increased 3% sequentially in July, adding that if the acceleration can continue deeper into the quarter that the firm sees upside potential relative to estimates. However, UBS also pointed out that Schwab's 3% sequential pickup is below what peers TD Ameritrade (AMTD) and E-Trade (ETFC) reported in recent days. UBS maintain its Buy rating and $32 price target on shares of Charles Schwab.