Why Charles Schwab's Stock Is Trading Higher Today

Charles Schwab SCHW shares are trading higher on Wednesday after receiving an upgrade.

Citigroup analyst William Katz upgraded the company's stock from Neutral to Buy and lowered the price target from $40 to $37.

See Also: Charles Schwab Review

Through its subsidiaries, Charles Schwab engages in securities brokerage, banking and related financial services.

Charles Schwab shares traded up 2.54% to $31.50 in Wednesday’s pre-market session. The stock has a 52-week high of $51.64 and a 52-week low of $28.