UPDATE: UBS Upgrades LPL Investment (LPLA) to Neutral

November 10, 2016 7:19 AM EST
Get Alerts LPLA Hot Sheet
Price: $38.29 -0.26%

Rating Summary:
    1 Buy, 16 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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(Updated - November 10, 2016 9:51 AM EST)

UBS upgraded LPL Investment (NASDAQ: LPLA) from Sell to Neutral with a price target of $35.00 (from $24.00).

Analyst Alex Kramm said, "The results of the US presidential election signal a regime change in Washington that could result in the reversal of several regulatory initiatives. Among them is the DOL's fiduciary standard rule, which had already been challenged by members of the president-elect's party, only to be vetoed by the outgoing president (InvestmentNews, 11/9/2016: "Trump victory puts DOL fiduciary rule in limbo"). Given the possibility that the rule could be put aside by the new administration, our negative thesis for LPLA has lost some of its footing. Previously-imminent headwinds from compliance spending and reduced commissions may be alleviated, and sentiment has already improved significantly in response to headlines that the rule could be repealed. We believe yesterday’s move in the shares fairly captures the potential upside, leading to our new Neutral rating."

For an analyst ratings summary and ratings history on LPL Investment click here. For more ratings news on LPL Investment click here.

Shares of LPL Investment closed at $35.86 yesterday.

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