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SEI Investments price target raised to $82 from $77 at Morgan Stanley

Morgan Stanley raised the firm’s price target on SEI Investments (SEIC) to $82 from $77 and keeps an Overweight rating on the shares following what the firm calls “an exceptional quarter” with “a lot to like.” EPS beat consensus by 4%, driven by both revenues and expenses, while the 28.5% pre-tax margin was the highest in three years, the analyst tells investors.

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