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LPL Financial price target raised to $405 from $377 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on LPL Financial (LPLA) to $405 from $377 and keeps an Outperform rating on the shares. LPL Financial posted a solid overall beat in the quarter, driven by stronger-than-expected gross profit along with lower expenses, the analyst tells investors in a research note.

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