Citizens JMP analyst Devin Ryan lowered the firm’s price target on LPL Financial (LPLA) to $420 from $435 and keeps an Outperform rating on the shares. The recovery in Financial Services business momentum, like in Investment Banking, which started in 2024 and had been accelerating, is now in jeopardy, the analyst tells investors in a research note. Earnings season matters a lot less than the macro right now, the firm says.
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Read More on LPLA:
- LPL Financial enters agreement with First Horizon for wealth management
- LPL Financial price target lowered to $365 from $414 at Barclays
- Strategic Acquisition Boosts LPL Financial’s Market Position and Growth Prospects
- LPL Financial price target lowered to $422 from $442 at BofA
- LPL Financial: Horizon Capital joins broker-dealer, RIA, custodial platforms
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