LPL Financial price target raised to $455 from $440 at Citizens JMP

Citizens JMP raised the firm’s price target on LPL Financial (LPLA) to $455 from $440 and keeps an Outperform rating on the shares. Capital markets and FinTech stocks have surged 30%-50% or more since April as market activity rebounds, institutional trading holds firm, and asset and wealth management flows strengthen alongside higher markets, the analyst tells investors in a research note. Despite stretched valuations and multi-year highs across several subsectors, continued performance dispersion is expected, making selectivity key, though certain names still present compelling opportunities.