Barrington Research Starts Ladenburg Thalmann Financial Services (LTS) at Outperform

Barrington Research initiates coverage on Ladenburg Thalmann Financial Services (NYSE: LTS) with a Outperform. PT $2.25.

The firm notes that with several acquisitions, Ladenburg Thalmann Financial Services has established a top-10 leadership position in the independent broker-dealer industry. "The strategy, in place since 2007, has been to combine the more stable and recurring revenue and cash flows of the independent broker-dealer (IBD) business with the more volatile and cyclical (but strongly profitable in good market conditions) capital markets group, making it unique among other IBDs," the analyst notes.

Barrington said a shift in the industry as the number of independent financial advisors at independent broker-dealers is increasing as financial advisors are leaving the large financial institutions benefits Ladenburg.

Also the company is backed by Billionaire investor, Dr. Phillip Frost, MD, Chairman of the Board.

For an analyst ratings summary and ratings history on Ladenburg Thalmann Financial Services click here. For more ratings news on Ladenburg Thalmann Financial Services click here.

Shares of Ladenburg Thalmann Financial Services closed at $1.32 yesterday.

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