BofA raised the firm’s price target on LPL Financial (LPLA) to $469 from $463 and keeps a Buy rating on the shares after the company reported “a big profit beat,” driven mainly by higher sales-based commissions. The firm, which notes that its increased target, implies 24% total return potential, cites LPL’s “robust organic growth trajectory.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LPLA:
- LPL Financial price target raised to $410 from $356 at TD Cowen
- LPL Financial’s Earnings Call Highlights Growth and Challenges
- LPL Financial’s Strong Performance and Strategic Acquisitions Drive Buy Rating
- LPL Financial announces lower fees, streamlined pricing on platforms
- LPL Financial price target raised to $455 from $435 at Keefe Bruyette