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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
Mar 2017UBSInitiates Coverage OnBuy
Jan 2017Goldman SachsUpgradesNeutralBuy
Dec 2016SunTrust Robinson HumphreyUpgradesNeutralBuy

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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