Analysts See Upside for Charles Schwab (SCHW) Despite Interest Rate Uncertainty

Group 1 - The Charles Schwab Corporation (NYSE:SCHW) is considered one of the best debt-free stocks to buy currently, with TD Cowen raising its price target to $135 from $134 while maintaining a Buy rating [1] - Raymond James analysts also reiterated their Buy rating on Schwab, increasing the price target from $110 to $114, indicating confidence in the company's ability to manage net margin pressure from potential Federal Reserve interest rate cuts [3] - The stock has a strong Buy consensus, with a 1-year price target suggesting nearly 18% upside, reflecting a positive financial outlook for the company [4] Group 2 - TD Cowen remains optimistic about Traditional Asset Managers and is adopting a selective approach focused on higher-conviction names, while still maintaining exposure to alternative asset managers [2] - The company operates as a savings and loan holding company, providing a range of financial services including wealth management, securities brokerage, banking, asset management, custody, and financial advisory services both in the U.S. and internationally [4]