LPL FINL HLDGS (LPLA) Downgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research downgraded shares of LPL FINL HLDGS (LPLA) from OUTPERFORM to NEUTRAL on June 26, 2013, with a target price of $40.90.

LPL Financial Holdings Inc. is engaged in providing an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, general securities, alternative investments, retirement plans, fixed income, and insurance offerings. LPL Financial Holdings Inc., formerly known as LPL Investment Holdings Inc., is based in Boston, Massachusetts.

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