Piper Sandler Downgrades Charles Schwab to Neutral, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Charles Schwab (NYSE:SCHW) from Overweight to Neutral and lowered the price target from $80 to $64.
July 29, 2024 | 9:46 am
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Piper Sandler downgraded Charles Schwab from Overweight to Neutral and reduced the price target from $80 to $64.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $80 to $64 by Piper Sandler is likely to negatively impact Charles Schwab's stock price in the short term. Such downgrades often lead to reduced investor confidence and selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100