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E*Trade Financial (ETFC) Gets a Buy Rating from Morgan Stanley


In a report released today, Michael Cyprys from Morgan Stanley maintained a Buy rating on E*Trade Financial (NASDAQ: ETFC), with a price target of $69. The company’s shares closed yesterday at $52.84.

According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 5.2% and a 70.2% success rate. Cyprys covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Oaktree Capital Group Llc, and Hamilton Lane Inc.

Currently, the analyst consensus on E*Trade Financial is a Strong Buy with an average price target of $67.67, representing a 28.1% upside. In a report issued on October 1, Credit Suisse also maintained a Buy rating on the stock with a $66 price target.

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The company has a one-year high of $66.46 and a one-year low of $42.55. Currently, E*Trade Financial has an average volume of 2.66M.

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E*TRADE Financial Corp. engages in the provision of investment and online stock brokerage services. It offers digital platforms and support to individual investors through phone, email, and online via two national financial centers as well as in personal though financial centers.