Morgan Stanley Maintains Equal-Weight Rating for LPL Finl Hldgs: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of LPL Finl Hldgs LPLA and lower its price target from $244.00 to $213.00.

Shares of LPL Finl Hldgs are trading down 0.32% over the last 24 hours, at $196.90 per share.

A move to $213.00 would account for a 8.18% increase from the current share price.

About LPL Finl Hldgs

LPL Financial Holdings is an independent broker-dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of 2022, the company had nearly 20,000 advisors on its platform managing over $1 trillion of client assets.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.