SEI Investments price target raised to $115 from $113 at Morgan Stanley
Morgan Stanley raised the firm's price target on SEI Investments to $115 from $113 and keeps an Overweight rating on the shares. The firm said it updated its risk/reward for SEI and refreshed its estimates ahead of Q2 earnings, raising its Q2 EPS view by 1% mainly on higher IA and II segment revenue, mostly offset by higher expenses. SEI Investments is making significant progress on pre-tax margin improvement in its Private Banks segment, and net new sales is showing momentum across segments, the analyst tells investors in a research note.
Morgan Stanley raised the firm's price target on SEI Investments to $115 from $113 and keeps an Overweight rating on the shares.
The firm said it updated its risk/reward for SEI and refreshed its estimates ahead of Q2 earnings, raising its Q2 EPS view by 1% mainly on higher IA and II segment revenue, mostly offset by higher expenses.
SEI Investments is making significant progress on pre-tax margin improvement in its Private Banks segment, and net new sales is showing momentum across segments, the analyst tells investors in a research note.