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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