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UPDATE: Raymond James Upgrades E*Trade

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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

DateFirmActionFromTo
Jan 2017Goldman SachsUpgradesNeutralBuy
Dec 2016SunTrust Robinson HumphreyUpgradesNeutralBuy
Dec 2016Keefe Bruyette & WoodsInitiates Coverage OnMarket Perform

View More Analyst Ratings for ETFC
View the Latest Analyst Ratings

Posted-In: Patrick O’ Shaughnessy Raymond JamesAnalyst Color News Upgrades Analyst Ratings

 

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