KBW Raises OXPS PT To $20

Keefe, Bruyette & Woods has raised the optionsExpress Holding, Inc OXPS Price Target from $16 to $20. According to KBW, "We are increasing our OXPS PT to $20 from $16, using the 1.02 exchange ratio outlined in the deal and KBW analyst Joel Jeffrey's PT for SCHW of $20. We see few regulatory hurdles to the deal being completed and we believe it will close in a relatively short period of time (3Q11). We maintain our Market Perform rating as our new PT implies 12% upside to OXPS' current price." OXPS has a Market Perform Rating. OXPS traded at $17.90 at closing yesterday.