The firm said it raised its rating on the company, which provides securities brokerage services and technology-based financial services to a variety of clients, based on its belief TD Ameritrade has the best organic growth in the asset managers, broker dealers and exchanges group.
Citigroup has a $40 price target on the stock.
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Separately, TheStreet Ratings team rates TD AMERITRADE HOLDING CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TD AMERITRADE HOLDING CORP (AMTD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
Highlights from the analysis by TheStreet Ratings Team goes as follows: