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LPLA

LPL Financial

$33.01

2.12 (6.86%)

05:49
10/12/16
10/12
05:49
10/12/16
05:49

LPL Financial downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Kenneth Worthington downgraded LPL Financial to Neutral saying the share rally on takeover speculation provides an opportunity to exit the name. LPL has the potential to be an attractive buyout target, but any deal would come with "significant 'baggage,'" Worthington tells investors in a research note. The legal liability could be material in front of the implementation of new Department of Labor rules, the analyst contends. Worthington raised his price target for LPL shares to $31 from $30.

  • 02

    Nov

LPLA LPL Financial
$33.01

2.12 (6.86%)

04/05/16
GSCO
04/05/16
DOWNGRADE
Target $21
GSCO
Sell
LPL Financial downgraded to Sell from Neutral at Goldman
Goldman analyst Conor Fitzgerald downgraded LPL Financial to Sell citing relative valuation, slower revenue growth, lack of buyback capacity, and execution risk on the Department of Labor's fiduciary rule. The analyst raised his price target on LPL Financial to $21 from $19 on shares.
04/05/16
04/05/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bruker (BRKR) downgraded to Underperform and Market Perform at BofA/Merrill and Leerink, respectively. Leerink analyst Dan Leonard cited the recent rally in the shares and his belief that margin expansion in 2017 and beyond could be more challenging than implied in the current stock price. BofA/Merrill cited valuation and lack of upside to FY!6 organic revenue growth targets. 2. Capital One (COF) downgraded to Underperform at Oppenheimer by analyst Ben Chittenden, who said the company's borrower base is facing headwinds. He notes that 25% of Capital One's loan book is made up of exposure to consumers with FICO scores under 660, energy, or taxi cab medallion companies. 3. Hormel Foods (HRL) downgraded to Underweight at BB&T due to the company's growth to slow in Q4 before dropping off significantly in 2017. BB&T predicts that Hormel's premium multiple will contract if its growth does slow, and it predicts that the stock will deliver a negative return. 4. LPL Financial (LPLA) downgraded to Sell at Goldman by analyst Conor Fitzgerald, who cited relative valuation, slower revenue growth, lack of buyback capacity, and execution risk on the Department of Labor's fiduciary rule. 5. People's United (PBCT) downgraded to Underweight at Morgan Stanley citing valuation, below peer profitability, and weaker loan and earnings growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/22/16
FBCO
08/22/16
DOWNGRADE
Target $28
FBCO
Neutral
LPL Financial downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Christian Bolu downgraded LPL Financial to Neutral citing more balanced risk/reward and maintained its $28 price target
09/26/16
MSCO
09/26/16
INITIATION
Target $27
MSCO
Underweight
LPL Financial initiated with an Underweight at Morgan Stanley
Morgan Stanley analyst Michael Cyprys initiated LPL Financial with an Underweight and a $27 price target. The analyst expects LPL to be pressured by the DOL Fiduciary Rule which could accelerate the shift towards lower cost asset fee-based products and away from transaction based economics.

TODAY'S FREE FLY STORIES

PAC

GAP Airports

$102.12

0.45 (0.44%)

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GAP Airports sees FY18 total revenue growth 13%, plus or minus 1% »

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GE

General Electric

$18.76

-0.26 (-1.37%)

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K

Kellogg

$64.69

-1.29 (-1.96%)

, CPB

Campbell Soup

$45.51

-0.24 (-0.52%)

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K

Kellogg

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-1.29 (-1.96%)

CPB

Campbell Soup

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-0.24 (-0.52%)

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  • 08

    Feb

GE

General Electric

$18.76

-0.26 (-1.37%)

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  • 19

    Jan

CPB

Campbell Soup

$45.51

-0.24 (-0.52%)

06:37
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Upgrade
Campbell Soup rating change  »

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GDX

Market Vector Gold Miners

$24.01

0.63 (2.69%)

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GLD

SPDR Gold Trust

$126.96

1.52 (1.21%)

06:35
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SPDR Gold Trust: Pivot points »

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EADSY

Airbus

$27.53

0.38 (1.40%)

06:34
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Periodicals
Airbus prepared to shut down production of A380 superjumbo, FT reports »

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NUGT

Direxion Gold Miners Bull

$34.63

2.54 (7.92%)

06:34
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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$18.81

1.47 (8.48%)

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FOXA

21st Century Fox

$36.73

0.53 (1.46%)

06:32
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Upgrade
21st Century Fox rating change  »

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  • 07

    Feb

DUST

Direxion Daily Gold Miners Bear 3X ETF

$21.30

-1.89 (-8.15%)

06:32
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SP

SP Plus Corp.

$38.00

0.2 (0.53%)

06:31
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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$47.10

-4.42 (-8.58%)

06:31
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Direxion Daily Junior Gold Miners Index Bear 3x Shares: Pivot points »

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VXX

iPath S&P 500 VIX Short-Term Futures

$25.85

0.01 (0.04%)

06:30
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Technical Analysis
iPath S&P 500 VIX Short-Term Futures: Pivot points, pivot low broken »

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DLB

Dolby

$65.35

1.06 (1.65%)

06:29
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Dolby rating change  »

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$144.75

-0.25 (-0.17%)

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C

Citi

$76.84

1.28 (1.69%)

06:28
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Citi results likely 'overwhelmed' by $20B charge due to tax overhaul, WSJ says »

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  • 16

    Jan

  • 24

    Jan

JPM

JPMorgan

$112.67

1.83 (1.65%)

06:28
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Hot Stocks
JPMorgan reports December net credit losses 2.43% vs. 2.36% last month »

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  • 27

    Feb

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    Oct

TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$4.74

0.01 (0.21%)

06:27
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Technical Analysis
VelocityShares Daily 2x VIX Short-Term ETN: Pivot points, pivot low broken »

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INNV

Innovus Pharmaceuticals

06:27
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Hot Stocks
Innovus Pharmaceuticals' hemorrhoid drug Xyralid approved in Canada »

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SVXY

ProShares Short VIX Short-Term Futures

$138.19

-0.02 (-0.01%)

06:26
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Technical Analysis
ProShares Short VIX Short-Term Futures: Pivot points, pivot high broken »

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TYL

Tyler Technologies

$187.95

0.06 (0.03%)

06:25
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Tyler Technologies analyst commentary  »

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  • 17

    Jan

  • 26

    Feb

FCAU

Fiat Chrysler

$23.39

-0.03 (-0.13%)

06:25
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Fiat Chrysler's Marchionne says new CEO to be named this year, AP reports »

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NFLX

Netflix

$221.23

3.99 (1.84%)

, NTDOY

Nintendo

$50.40

0.69 (1.39%)

06:25
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Periodicals
Netflix 'exploring' possibility of launching on Nintendo Switch, Polygon says »

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NFLX

Netflix

$221.23

3.99 (1.84%)

NTDOY

Nintendo

$50.40

0.69 (1.39%)

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  • 18

    Jan

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    Jan

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