FBR Upgrades TD Ameritrade to Outperform

Down Jones Newswires, 10 April 2007Friedman Billings Ramsey ups TD Ameritrade to outperform from market perform, citing "compelling risk/reward tradeoff" for patient investors. "Despite the choppy markets and our concerns regarding the company's sluggish account growth, TD Ameritrade is still generating significant amounts of free cash that can be used to reinvest in the business, de-lever the