Morgan Stanley analyst Ryan Kenny raised the firm’s price target on SEI Investments (SEIC) to $75 from $70 and keeps an Underweight rating on the shares. SEI delivered a record net sales quarter, revenue beat, expense beat, an expanded sweep program and the highest Private Banks pre-tax margin since 2009 in what the firm calls a “high quality beat.” The firm is raising its 2025 EPS view by 7% to $5.02 on higher revenues and lower expenses, noting that its new model is baking in a 28.5% 2025 pre-tax margin.
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Read More on SEIC:
- SEI Investments price target raised to $85 from $81 at Oppenheimer
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