Barclays raised the firm’s price target on LPL Financial (LPLA) to $311 from $273 and keeps an Overweight rating on the shares. The company’s Q3 earnings beat by 12%, driven by both better gross profit and lower opex, the analyst tells investors in a research note. The firm says management’s tone was optimistic, and it was a solid first showing for the new CEO Rich Steinmeier.
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