Stock Watch: Ameritrade Gains on Analyst Recommendation

Ameritrade Holding Corp. (Nasdaq: AMTD) rose 1 1/8 to 19 7/8 Monday, as wire reports said ABN Amro Securities began coverage of the stock with a buy recommendation and a price target of $40 a share.

The discount online brokerage has seen its shares fall from a high of 62 3/4, set last April. Though e-commerce stocks in general have taken a beating in recent weeks, analysts say brokerages could benefit from robust trading activity.

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