TD Ameritrade (AMTD) PT Raised to $72 at SunTrust Robinson Humphrey on 1Q Report; 'Very Strong Trading Activity and Lower Tax Rate'
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Price: $0.96 -3.03%
Rating Summary:
4 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
4 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
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SunTrust Robinson Humphrey raised its price target on TD Ameritrade (NASDAQ: AMTD) to $72.00 (from $60.00) while maintaining a Buy rating, following the company's first quarter earnings report.
Analyst Douglas Mewhirter notes a positive outlook on the shares, as the company reported 2018 first quarter revenues above consensus fueled by "very strong customer trading activity and lower tax rate," supporting a boost to estimates, despite EPS that was in-line with estimates.
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