UPDATE: Raymond James Upgrades E*Trade
In a report issued Monday, Raymond James upgraded its rating of E*Trade Financial (NASDAQ: ETFC) from Market Perform to Outperfom with a target price of $24.
Analyst Patrick O'Shaughnessy sees that E*Trade's new management team has "successfully reinvigorated the firm’s brokerage franchise" and that E*Trade is not dependent on rising interest rates.
O'Shaughnessy has an estimated EPS for E*Trade of $1.08 for 2014 and $1.25 for 2015.
E*Trade is up 0.55 percent to $20.17 at last checked trade.
Latest Ratings for ETFC
|Jan 2017||Goldman Sachs||Upgrades||Neutral||Buy|
|Dec 2016||SunTrust Robinson Humphrey||Upgrades||Neutral||Buy|
|Dec 2016||Keefe Bruyette & Woods||Initiates Coverage On||Market Perform|
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