Goldman Sachs Downgrades LPL Investment (LPLA) to Neutral
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Price: $359.23 --0%
Rating Summary:
18 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 11 | New: 19
Rating Summary:
18 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 11 | New: 19
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Goldman Sachs downgraded LPL Investment (NASDAQ: LPLA) to Neutral with a price target of $32, suggesting 20% upside.
The firm cited: "(1) the volatility in markets will likely lead clients to transact less and could negatively impact total client assets under administration, and (2) the Fed's statement that it will hold short-term rates at 0-0.25% through mid-2013 will dampen expectations for NIM expansion."
For more ratings news on LPL Investment click here and for the rating history of LPL Investment click here.
Shares of LPL Investment closed at $26.77 yesterday.
The firm cited: "(1) the volatility in markets will likely lead clients to transact less and could negatively impact total client assets under administration, and (2) the Fed's statement that it will hold short-term rates at 0-0.25% through mid-2013 will dampen expectations for NIM expansion."
For more ratings news on LPL Investment click here and for the rating history of LPL Investment click here.
Shares of LPL Investment closed at $26.77 yesterday.
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