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Fly News Breaks for January 9, 2019
SEIC
Jan 9, 2019 | 07:39 EDT
Oppenheimer analyst Glenn Greene lowered his price target for SEI Investments to $60 from $68 to reflect recent market depreciation, and SEI's perhaps 65%-70% market sensitivity. The analyst remains optimistic long-term regarding SWP sales momentum, and PB&T's long-term profitability trajectory. That said, recent market uncertainty could further impact sales cycles and asset flows, he contends. Greene reiterates an Outperform rating on the shares.
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