Wells Fargo Initiates Coverage On LPL Finl Hldgs with Overweight Rating, Announces Price Target of $362
Wells Fargo analyst Daniel Welden initiates coverage on LPL Finl Hldgs (NASDAQ:LPLA) with a Overweight rating and announces Price Target of $362.
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Wells Fargo analyst Daniel Welden initiates coverage on LPL Finl Hldgs (NASDAQ:LPLA) with a Overweight rating and announces Price Target of $362.
LPL Financial announced that three independent financial advisory firms from Texas—Burnett Financial Services, Fowler Investment Services, and Carlile Investment Services—have joined its broker-dealer and RIA platforms. The three firms collectively manage approximately $430 million in assets and were previously affiliated with Raymond James. The advisors cited LPL's technology, platform familiarity, and advisor-focused culture as key reasons for the move.
Nasdaq 100 printed an intraday record on AI enthusiasm while financials slid nearly 2% and crude fell for a fifth straight session.