Bernstein Upgrades Charles Schwab to "Outperform"; Raises Price Target and Estimates (SCHW)

Bernstein Upgrades Charles Schwab to “Outperform”; Raises Price Target and Estimates (SCHW)

RSS

Early on Monday, analysts at Bernstein upgraded brokerage firm Charles Schwab Corp (SCHW) saying that the company will benefit from rising interest rates and a rebound in retail activity.

The analysts upgraded SCHW to “Outperform” with a new price target of $23. This new valuation suggests a 40% upside to Friday’s closing price of $16.40.

Also, the analysts raised Charles Schwab’s 2013 earnings estimates.

Charles Schwab shares were up 25 cents, or +1.52%, during pre-market trading on Monday. The stock is up about +19% over the past twelve months.

The Bottom Line
Shares of Charles Schwab (SCHW) have a dividend yield of 1.46% based on Friday’s closing price of $16.40 and the company’s annualized dividend payout of 24 cents per share.

Charles Schwab Corp (SCHW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today