Oppenheimer raised the firm’s price target on SEI Investments (SEIC) to $85 from $81 and keeps an Outperform rating on the shares. The firm notes SEI reported robust Q3 EPS of $1.19 vs. its estimate of $1.06 and consensus’ $1.07. The beat was primarily driven by higher revenue in PB&T and Investment Advisors than expected, Oppenheimer adds.
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