Barclays Maintains Equal-Weight on Charles Schwab, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish has maintained an Equal-Weight rating on Charles Schwab (NYSE:SCHW) but reduced the price target from $68 to $64.
January 18, 2024 | 2:21 pm
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Barclays has maintained an Equal-Weight rating on Charles Schwab but lowered the price target from $68 to $64, indicating a potential downside or slower growth expectation.
The reduction in price target by Barclays reflects a more conservative valuation of Charles Schwab, which could lead to a negative investor sentiment in the short term. As price targets are influential indicators for investors, this revision could result in a downward pressure on the stock price.
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