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TD Cowen Keeps Their Hold Rating on LPL Financial (LPLA)

Tipranks - Tipranks - Sat Feb 21, 7:00AM CST

In a report released yesterday, William Katz from TD Cowen maintained a Hold rating on LPL Financial, with a price target of $378.00. The company’s shares closed yesterday at $327.92.

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Katz covers the Financial sector, focusing on stocks such as Franklin Resources, Invesco, and LPL Financial. According to TipRanks, Katz has an average return of 11.5% and a 62.21% success rate on recommended stocks.

Currently, the analyst consensus on LPL Financial is a Strong Buy with an average price target of $450.50.

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Based on LPL Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.93 billion and a net profit of $300.72 million. In comparison, last year the company earned a revenue of $3.51 billion and had a net profit of $270.75 million

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