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Charles Schwab’s Estimates Boosted at UBS (SCHW)

Brokerage and banking company The Charles Schwab Corporation ( SCHW ) on Friday saw its earnings estimates raised by analysts at UBS.

The firm said it raised its estimates for SCHW through 2011, citing a favorable interest rate environment and higher asset inflows.

UBS currently rates SCHW as a "Buy" with an $18 price target, which implies a 7% upside to the stock's Thursday closing price of $16.81.

Charles Schwab shares were mostly flat in premarket trading Friday.

The Bottom Line

Shares of Charles Schwab ( SCHW ) have a 1.43% dividend yield, based on last night's closing stock price of $16.81. The stock has technical support in the $14-$15 price area. If the shares can firm up, we see overhead resistance around the $18-$19 price levels.

The Charles Schwab Corporation ( 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 .

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

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

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