Morningstar Is Bullish On Charles Schwab (MORN, SCHW)

Morningstar

released a bullish research report on shares of Charles Schwab

today. The firm said that "we believe Charles Schwab's earnings bottomed in the first quarter of 2010." They have a fair value target of $22.00 on SCHW shares. Morningstar (

) believes that SCHW is leveraged to a rising interest rate environment, and revenue should receive a "pop" followed by a gradual lift when rates begin to rise. Futhermore, the analysts wrote that "Schwab is likely the only retail broker that can produce adequate returns on capital in the aftermath of a severe trading commission pricing war." During the current trading session, SCHW shares have gained 1.73% to $16.48. Learn how to find the best

for free.