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UPDATE: Sterne Agee Downgrades TD Ameritrade Holding Corporation to Neutral on Valuation

Related AMTD
TDAmeritrade's IMX Index Saw Its Second Largest Drop Since December 2012
Benzinga's Top Downgrades

Sterne Agee downgraded TD Ameritrade Holding Corporation (NYSE: AMTD) from Buy to Neutral and maintained a $19.00 price target.

Sterne Agee commented, "With AMTD shares up 20% since the November lows (vs. S&P +8.5%) and with less than 5% upside to our target, we would no longer put new money into the stock. While we see tremendous upside with normalized rates and increased client activity, the recent run in the stock hasn't coincided with an appreciable improvement in the operating environment (slightly higher rates offset by weaker volumes)."

TD Ameritrade Holding Corporation closed at $18.15 on Monday.

Latest Ratings for AMTD

Oct 2015BarclaysMaintainsOverweight
Oct 2015Keefe Bruyette & WoodsMaintainsOutperform
Sep 2015Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for AMTD
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Downgrades Intraday Update Analyst Ratings


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