SCHW

Charles Schwab Cut to a "Neutral" at Macquarie (SCHW)

Market data chart with calculator

Brokerage operator The Charles Schwab Corporation ( SCHW ) on Friday saw its rating and price target cut by analysts at Macquarie Group.

The firm said it downgraded SCHW from "Outperform" to "Neutral" while cutting its price target from $16 to $13. That new target suggests a 10% upside to the stock's Thursday closing price of $11.80

Charles Schwab shares were unchanged in premarket trading Friday. The stock has fallen more than 31% year-to-date.

The Bottom Line

Shares of Charles Schwab ( SCHW ) have a 2.03% dividend yield, based on last night's closing stock price of $11.80. The stock has technical support in the $10 price area. If the shares can firm up, we see overhead resistance around the $14 price level.

The Charles Schwab Corporation ( SCHW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.