SEI Investments upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst Patrick O’Shaughnessy upgraded SEI Investments (SEIC) to Outperform from Market Perform with a $99 price target following the Q4 report. The company has exhibited “real, tangible, and sustainable” improvement in sales activity and expense discipline that translates to improving core revenue growth and attractive incremental margins, the analyst tells investors in a research note. As such, the firm thinks the stock should re-rate higher and, when paired with an improving earnings growth outlook, offers an attractive risk/reward at current levels.