In a note released Friday, Barclays upgraded TD Ameritrade AMTD from Equal-weight to Overweight and maintained a $36 price target.
Barclays analyst Kenneth Hill explained that the drawback in the share price of Ameritrade amid the high frequency trade debate provides an opportunity for what is otherwise a strong business. Hill stated, "For AMTD, we see strength in trading activity, capital flexibility, and upside from rates over the long run."
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