Seeking Alpha

Schwab price target boosted at Compass Point

  • Analyst Michael Tarkan maintains a Neutral rating but lifts the price target to $25 to following yesterday's big Q4 earnings report (not to mention to yesterday's closing price of $26.80).
  • "While we continue to view SCHW shares as rich and see some downside to the stock at current levels as short term rates will likely remain depressed near-term, we expect shares can continue to find support if modest macro progress continues."
  • His team bumps its 2014 EPS outlook to $0.97 from $0.93 and establishes a 2015 estimate of $1.18.
  • Shares +0.7% premarket
  • Previous: Fog lifts at Schwab
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