Morgan Stanley raised the firm’s price target on LPL Financial (LPLA) to $490 from $450 and keeps an Overweight rating on the shares. The firm has become more selective the brokers and exchanges group citing normalized volatility and trading volumes. It prefers rates and credit franchises heading into the Q2 reports. The analyst still sees scope for inflation, interest rates, and tariffs to support rates and credit volumes.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LPLA:
- LPL Financial: The Narmi Group joins Linsco by LPL Financial
- LPL Financial price target raised to $460 from $450 at Barclays
- TD downgrades LPL Financial on valuation, lack of catalysts
- LPL Financial downgraded to Hold from Buy at TD Cowen
- Bell Wealth Partners launches with support from LPL Strategic Wealth