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LPL Financial (LPLA) Stock Price Target Raised at Credit Suisse

Stressed Traders

NEW YORK (TheStreet) -- Credit Suisse upped its price target on LPL Financial Holdings (LPLA - Get Report) to $28 from $24 and maintained its "outperform" rating on the stock.

The Boston-based company provides a platform of brokerage and investment advisory services to independent financial advisors.

The higher price target comes after LPL Financial reported its February monthly metrics yesterday.

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Client asset levels were flat month-over-month, in line with broader equity markets, while cash levels continue to build. Total client assets of...