Keefe, Bruyette & Woods Downgrades Charles Schwab to Market Perform, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kyle Voigt downgraded Charles Schwab (NYSE:SCHW) from Outperform to Market Perform and reduced the price target from $75 to $70.
January 18, 2024 | 10:58 am
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Charles Schwab was downgraded by Keefe, Bruyette & Woods from Outperform to Market Perform, with a price target reduction from $75 to $70.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further supports the expectation of a downward movement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100