Goldman Sachs Downgrades Charles Schwab to Neutral, Announces $71 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Blostein downgraded Charles Schwab (NYSE:SCHW) from Buy to Neutral and set a price target of $71.

January 03, 2024 | 9:53 am
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Goldman Sachs downgraded Charles Schwab from Buy to Neutral with a $71 price target, potentially affecting investor sentiment and the stock's market performance.
Downgrades by major analysts like Goldman Sachs can lead to a negative short-term impact on a stock as they may reflect a less optimistic outlook on the company's future performance. The new price target, while not necessarily negative, is a critical piece of information that investors use to gauge the stock's potential.
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IMPORTANCE 85
RELEVANCE 100