UBS Maintains a 'Neutral' on LPL Investment (LPLA); Q4 A Bit Light, But Fundamentals Remain Strong
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Price: $370.67 -1.14%
Rating Summary:
18 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on LPL Investment (NASDAQ: LPLA) price target raised from $30 to $36.
UBS analyst said, "LPLA reported a decent quarter in a challenging environment for most of the financial services industry. While a revenue and EPS miss relative to Street expectations could give investors some pause, particularly following the recent run-up in the shares, strong underlying metrics reiterate LPLA’s significant leverage to favorable trends in the financial services industry (growth in independent advisors). We continue to have a positive fundamental view of LPLA, but are waiting for a better entry point to get more constructive on the shares."
UBS slightly lowers estimates: FY12 by $0.01 to $2.25 and FY12 by $0.05 to $2.93.
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 $35.90 yesterday.
UBS analyst said, "LPLA reported a decent quarter in a challenging environment for most of the financial services industry. While a revenue and EPS miss relative to Street expectations could give investors some pause, particularly following the recent run-up in the shares, strong underlying metrics reiterate LPLA’s significant leverage to favorable trends in the financial services industry (growth in independent advisors). We continue to have a positive fundamental view of LPLA, but are waiting for a better entry point to get more constructive on the shares."
UBS slightly lowers estimates: FY12 by $0.01 to $2.25 and FY12 by $0.05 to $2.93.
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 $35.90 yesterday.
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