Zacks Investment Research downgraded shares of TD Ameritrade Holding Corporation (AMTD) from OUTPERFORM to NEUTRAL on September 27, 2013, with a target price of $28.00.
We have downgraded our recommendation on TD Ameritrade from Outperform to Neutral based on the current volatile trading volumes amid uncertain markets. However, the company's fiscal third-quarter 2013 earnings marginally beat the Zacks Consensus Estimate. Nevertheless, the company is focused on improving its trading and investing business through product innovation, new IDA agreements to mitigate the regulatory impact, and advanced customer service as well as expense discipline. With trading volumes being unstable, a strained macroeconomic environment, and regulatory issues we prefer to stay on the sidelines.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on TD Ameritrade Holding Corporation (AMTD),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment