Oppenheimer Maintains Outperform Rating for SEI Inv: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Oppenheimer has maintained its Outperform rating for SEI Inv (NASDAQ:SEIC) but lowered its price target from $71.00 to $68.00. SEI Inv's shares are currently trading at $57.73, and a move to $68.00 would represent a 17.79% increase. SEI Investments provides various financial services and manages, administers, or advises on over $1.2 trillion in assets.
October 05, 2023 | 5:00 pm
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Oppenheimer has maintained its Outperform rating for SEI Inv but lowered its price target. This could potentially lead to an increase in the stock's price if the market aligns with Oppenheimer's outlook.
Analyst ratings can significantly influence investor sentiment and stock prices. In this case, Oppenheimer's maintained Outperform rating suggests they believe SEI Inv will outperform the market or its sector. However, they've lowered their price target, which might indicate a slightly less optimistic outlook than before. Still, the new target price is higher than the current trading price, which could lead to positive price movement if investors align with this view.
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