Friday, 27 April 2012

Deutsche Bank Securities Reiterates HOLD Rating on TD AMERITRADE Holding Corporation (NASDAQ: AMTD

Analysts at Deutsche Bank Securities reiterate their HOLD rating on the shares of TD AMERITRADE Holding Corporation (NASDAQ: AMTD). The 12-month target price is set to $20.

In a research note published yesterday, the analysts mention that some macro/market headwinds such as mixed retail activity and low rates continue to weigh on the industry. The management of  TD AMERITRADE Holding Corporation expects to manage these headwinds by being focused on expenses, capital, organic growth/NIM and  remain up-beat on the outlook for organic growth and longer term upside as margins and rates normalize.

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