UPDATE: Citigroup Reiterates on LPL Financial Holdings Following Investor Day

In a report published Wednesday, Citigroup analyst William R. Katz reiterated a Buy rating on LPL Financial Holdings (NASDAQ: LPLA), and raised the price target from $45.00 to $52.00.

In the report, Citigroup noted, “Following constructive 11/12 Investor Day in NY, LPLA remains our favorite Broker Dealer and we came off the event constructive around: 1) revenue dynamics (secular growth, productivity, mix, and positioning); 2) margin potential (expense growth management and operating leverage); 3) FCF optionality; and, 4) enhanced risk management.”

LPL Financial Holdings closed on Tuesday at $41.99.