Keefe Bruyette & Woods Has $21 Price Target On Ameritrade (AMTD)
Keefe Bruyette & Woods is out with a research report this morning on the broker dealer sector, and it covers TD Ameritrade Holding Corp. (NASDAQ: AMTD). It has a $21 price target on the online brokerage.
In a note to clients, KBW writes, "We are publishing our weekly wrap-up on stock performance, notable events and/or announcements with respect to our coverage universe. In addition, we highlight the recent trends in ECM, DCM and M&A as well as pipeline activity as a barometer for market sentiment and potential revenue and earnings growth."
Further in the report, Keefe Bruyette & Woods writes, "Among the risks to our price target, a general decline in retail investing reverting to lower levels and further deterioration in the company's business outlook may adversely affect the value of the shares."
Shares of TD Ameritrade gained 23 cents on Friday to close at $14.96.
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