Wolfe Research lowered the firm’s price target on LPL Financial (LPLA) to $486 from $491 and keeps an Outperform rating on the shares as part of the firm’s Top 10 Themes for 2026 note on the Banks, Brokers, and Alternative Managers. Heading into 2026, the firm notes Retail Brokers and Alts are its favorite subsectors and names LPL Financial as one of its top picks in the sector.
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