TD Cowen lowered the firm’s price target on LPL Financial (LPLA) to $378 from $399 and keeps a Hold rating on the shares. The firm said they left the conference call encouraged by potentially faster capital return and strong “core” cost control. However, they remain watchful on client cash build and pace of NNA organic growth improvement trends versus peers.
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Read More on LPLA:
- LPL Financial: Strong Cash Economics and Execution Drive Attractive Growth, Supporting Buy Rating
- LPL Financial price target raised to $439 from $433 at JPMorgan
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- LPL Financial price target lowered to $434 from $444 at Barclays
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