LPL Financial price target raised to $310 from $305 at JMP Securities

JMP Securities analyst Devin Ryan raised the firm’s price target on LPL Financial to $310 from $305 and keeps an Outperform rating on the shares. LPL Financial delivered strong Q2 results and provided some commentary that should add further relief to the conversation on advisory cash rates, the analyst tells investors in a research note. Management detailed why it feels quite confident in its business practices and suite of customer cash solutions, and as a result, does not have plans to change pricing, the firm says.