Goldman Sachs Upgrades Schwab Stock. Here’s Why.
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Analysts at Goldman Sachs upgraded Charles Schwab’s stock to Buy from Neutral, citing the company’s healthy balance sheet and strong growth in “an environment that remains highly uncertain.” Goldman analysts led by Alexander Blostein set a price target of $100, implying about 25% upside from the current stock price of $80.37 as of Friday afternoon. Shares of Schwab were up 1.23% Friday and 8.6% so far this year.
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