William Blair Maintains Outperform On Charles Schwab Shares
In a research report issued today, William Blair analyst Christopher Shutler maintained an Outperform rating on Charles Schwab Corp. (NYSE:SCHW). No price target was provided.
Shutler noted, “We are maintaining our Outperform rating for now, however, given our belief that “lower-for- longer” does not necessarily equate to “zero forever.” In the meantime, we expect core business trends to remain solid, as we continue to believe Schwab has tremendous brand equity with investors of all ages and will continue to benefit from its positioning in the RIA and 401(k) channels.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Christopher Shutler has a total average return of -11.9% and a 0.0% success rate. Shutler has a -6.3% average return when recommending SCHW, and is ranked #2730 out of 3335 analysts.