UPDATE: Compass Point Upgrades E*Trade Financial
January 24, 2014 at 07:52 AM EST
In a report published Friday, Compass Point analyst Michael Tarkan upgraded E*Trade Financial (NASDAQ: ETFC ) to Buy from Neutral, raising price target to $25.00 from $16.00. According to the report, the upgrade follows the company's reported 4Q13 earnings, highlighted by strong core brokerage activity, lower provisions, and a second