UPDATE: Compass Point Downgrades The Charles Schwab Corp. to Sell, Reiterates $15 PT on Valuation
March 15, 2013 at 10:52 AM EDT
In a report published Friday, Compass Point analyst Michael Tarkan downgraded his rating on The Charles Schwab Corp. (NYSE: SCHW ) from Neutral to Sell, but reiterated his $15.00 price target. In the report, Tarkan noted, “Our call is primarily driven by valuation, as shares now trade at 20x our