LPL Financial price target raised to $436 from $428 at TD Cowen

TD Cowen raised the firm’s price target on LPL Financial (LPLA) to $436 from $428 and keeps a Buy rating on the shares. The firm raised its target on a raised sum-of-the-parts model with the central message on the earnings call talking about its durable/superior LT NNA AOGR profile, more proactive profitability management, and further client cash stabilization with good underlying update into January.