Jefferies Initiates Coverage On Brokerages

Jefferies started coverage of several brokerages over the weekend. Price targets indicated upside in each company covered, however Charles Schwab stands out with a Buy rating.

Prices of all three brokerages are unchanged in Monday’s pre-market.

• TD Ameritrade AMTD - Hold, $34 price target
• E*Trade ETFC - Hold, $24 price target
• Charles Schwab SCHW - Buy, $35