SEI Investments price target lowered to $104 from $120 at Raymond James

Raymond James analyst Patrick O’Shaughnessy lowered the firm’s price target on SEI Investments (SEIC) to $104 from $120 and keeps an Outperform rating on the shares. The firm updated estimates to reflect the equity market downturn during the latter half of the quarter, but anticipates sales momentum will persist in 2026 and believes that the stock should re-rate higher as investors gain more confidence in SEI’s sales outlook.