Morgan Stanley raised the firm’s price target on Charles Schwab (SCHW) to $74 from $68 and keeps an Equal Weight rating on the shares. Following Q3, the firm raised its Q4 EPS forecast 3% to 92c, which it notes is ahead of consensus at 87c, on better topline expectations. The firm raise FY25 and FY26 EPS forecasts by 16% and 10%, respectively, on 35 basis points higher forward curve and faster borrowings repayment expectations.
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- Charles Schwab price target lowered to $61 from $63 at BofA
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