Charles Schwab Stock Upgraded on Growth Potential

Citigroup this morning upgraded bank stock Charles Schwab Corp (NYSE:SCHW) to "buy" from "neutral," with a price-target hike to $102 from$85. The brokerage firm cited improving growth and balance sheet metrics as the company "shifts to offense," per The Fly. At last glance, SCHW was up 0.7% at $78.22. The majority of analysts were already bullish on Charles Schwab coming into today. Of the 23 firms in coverage, 17 carry a "buy" or better rating, while the 12-month consensus price target of$89.42 is a roug ...