According to UBS, the stock market is in turmoil, but brokerage firm Charles Schwab could be a port in the storm for investors. Analyst Brennan Hawken upgraded Charles Schwab to buy from neutral, saying in a note to clients on Monday that the stock already reflects a downward trend from issues such as a potential end of payments for order flows and that Schwab “remains in the red for credit and markets.” Well insulated from risk.” Hawken wrote, “SCHW’s business model is the least market sensitive of WM firms in our coverage, with EPS falling -2% compared to a group average of only -11%, -15% equity markets for FY22.” Under the return assumption.” Additionally, the Federal Reserve is now raising interest rates, which could boost the bottom lines for brokerage firms. “If persistent inflation prevents a return to ZIRP once the Fed begins rate cuts, we think both SCHW’s earnings and multiples should be better than the earlier decline,” Hawken wrote. UBS also noted that Schwab is already trading near its trough earnings multiplier from the previous market cycle, meaning the stock could be due for a rebound. UBS raised its price target for Charles Schwab from $68 to $75 per share. Where the stock closed on Friday, the new target is 25 per cent higher. — CNBC’s Michael Bloom contributed to this report.