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Fly News Breaks for April 2, 2019
LPLA
Apr 2, 2019 | 07:01 EDT
Goldman Sachs analyst Alexander Blostein removed LPL Financial from the firm's America's Conviction List, stating that he sees fewer opportunities for outsized EPS surprises, but keeps a Buy rating on the shares, citing what he views as its improving organic growth, relatively defensive business mix and attractive valuation. Heading into Q1 EPS reporting season, Blostein sees a more challenging EPS outlook for Trust Banks and Retail Brokers and remains bullish on the Alternative Asset Managers, he tells investors in an Americas Capital Markets sector preview. The analyst has an $81 price target on LPL Financial shares.