Charles Schwab Stock Surges on Another Upgrade

Core Viewpoint - Charles Schwab Corporation (NYSE:SCHW) has received an upgrade from Morgan Stanley to "overweight" amid recession fears, although the price target was cut from $91 to$ 76 [1] Group 1: Analyst Ratings and Price Targets - Citigroup recently upgraded SCHW to "buy," highlighting the firm's growth potential as it "shifts to offense" [2] - Among 23 analysts covering SCHW, 18 have a "buy" or better rating, with a 12-month consensus price target of $86.89, representing a 17% premium to current levels [2] Group 2: Stock Performance - SCHW has recently experienced a sharp pullback, hitting its lowest level since October, but has since reclaimed support at the$ 72 level and the 320-day moving average [3] - The stock has returned to the positive side of its year-to-date breakeven [3] Group 3: Options Trading - Options trading appears favorable for SCHW, with a Schaeffer's Volatility Scorecard (SVS) of 87 out of 100, indicating it has outperformed options traders' volatility expectations over the past year [4]