tiprankstipranks

LPL Financial price target lowered to $330 from $413 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on LPL Financial (LPLA) to $330 from $413 and keeps an Overweight rating on the shares. In a tougher macro backdrop with greater need to hedge risks, the firm prefers brokers with more defensive revenue streams and idiosyncratic earnings growth levers, such as LPL, the analyst tells investors.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue