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.”
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Read More on LPLA:
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- LPL Financial price target raised to $455 from $435 at Keefe Bruyette