As previously reported, UBS analyst Michael Brown upgraded LPL Financial (LPLA) to Buy from Neutral with a price target of $380, down from $406. Shares have been pressured by muted organic net new asset growth and AI-related concerns, but the stock is pricing in 15%-20% risk to earnings just from AI, which the firm calls “an overdone level.” The firm expects NNA to steadily improve to the 6%-7% range, while AI disruption concerns should ease as investors grow more comfortable with LPL’s positioning, the analyst added.
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Read More on LPLA:
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