Analysts Are Bullish on These Financial Stocks: E*Trade Financial (ETFC), Preferred Bank (PFBC)


There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on E*Trade Financial (ETFC), Preferred Bank (PFBC) and Equinix (EQIX) with bullish sentiments.

E*Trade Financial (ETFC)

In a report released today, Brennan Hawken from UBS maintained a Buy rating on E*Trade Financial, with a price target of $47.00. The company’s shares closed last Monday at $39.04.

According to TipRanks.com, Hawken is a 5-star analyst with an average return of 12.5% and a 64.0% success rate. Hawken covers the Financial sector, focusing on stocks such as Franklin Resources, State Street Corp, and Morgan Stanley.

E*Trade Financial has an analyst consensus of Moderate Buy, with a price target consensus of $44.65, implying a 14.0% upside from current levels. In a report issued on October 10, Jefferies also maintained a Buy rating on the stock with a $44.00 price target.

See today’s analyst top recommended stocks >>

Preferred Bank (PFBC)

In a report released today, Donald Worthington from Raymond James maintained a Buy rating on Preferred Bank, with a price target of $56.00. The company’s shares closed last Monday at $52.08.

According to TipRanks.com, Worthington is a 5-star analyst with an average return of 8.6% and a 58.9% success rate. Worthington covers the Financial sector, focusing on stocks such as Bank of NT Butterfield & Son, Bank of Commerce Holdings, and Riverview Bancorp Inc.

Currently, the analyst consensus on Preferred Bank is a Hold with an average price target of $54.80.

Equinix (EQIX)

Nomura analyst Jeff Kvaal maintained a Buy rating on Equinix today and set a price target of $625.00. The company’s shares closed last Monday at $571.84, close to its 52-week high of $609.97.

According to TipRanks.com, Kvaal is a 4-star analyst with an average return of 7.8% and a 57.2% success rate. Kvaal covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Cisco Systems Inc, and CommScope Holding.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Equinix with a $569.31 average price target, implying a -0.3% downside from current levels. In a report issued on October 3, Stifel Nicolaus also maintained a Buy rating on the stock with a $610.00 price target.

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