Online brokerage operator TD Ameritrade Holding Corp. (
) on Friday caught a big upgrade from analysts at Bank of
The firm said it boosted its rating on AMTD from "Neutral" to
"Buy" with a $23 price target. That target suggests a 14% upside to
the stock's Thursday closing price of $20.16.
Bank of America/Merrill Lynch said it made the move due to the
stock's attractive valuation, noting AMTD has sold off 7% over the
TD Ameritrade shares were mostly flat in premarket trading
The Bottom Line
Shares of TD Ameritrade (
) have a .99% dividend yield, based on last night's closing stock
price of $20.16. The stock has technical support in the $18-$19
price area. If the shares can firm up, we see overhead resistance
around the $22-$23 price levels.
TD Ameritrade Holding Corp. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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