Charles Schwab Shares Downgraded at Citigroup (SCHW)

Charles Schwab Shares Downgraded at Citigroup (SCHW)

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Citigroup reported on Monday that they have lowered their rating on brokerage company, Charles Schwab Corp(SCHW).

The firm has downgraded SCHW from “Neutral” to “Sell,” and has given the company a $14 price target. This price target suggests a -20% drop from the stock’s current price of $16.89.

Analysts have lowered their rating on the company due to a lack of operating leverage for 2013.

Charles Schwab shares were down 37 cents, or -2.19% during premarket trading Monday. The stock has increased 38% in the past year.

The Bottom Line
Shares of Charles Schwab Corp(SCHW) have a 1.42% yield, based on Friday’s closing price of $16.89.

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.

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