Citizens raised the firm’s price target on LPL Financial (LPLA) to $500 from $475 and keeps an Outperform rating on the shares. LPL substantially outperformed in Q4, with adjusted EPS well ahead of consensus and revenue exceeding the firm’s model by over 1%, the analyst tells investors in a research note. The company reiterated expectations that it will achieve previously disclosed retention targets on Commonwealth, Citizens says, adding that LPL remains an attractive opportunity.
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