Morgan Stanley raised the firm’s price target on LPL Financial (LPLA) to $450 from $330 and keeps an Overweight rating on the shares. Following a model refresh post the Q1 report, the firm’s FY26 EPS estimate was raised by 17% to $22.24 and its FY27 EPS by 19% to $30.80 on better revenue, partially offset by higher expenses, the analyst tells investors.
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