SEI Investments boosted by upgrade

Apparently liking what it saw in last week earnings report from SEI Investments (SEIC +1.2%), Oppenheimer upgrades the stock to Outperform with $42 price target.

The company last week cruised past estimates with revenues rising 16% Y/Y to $318.8M. Market appreciation allowed for much of that, but there was also increased processing fees in the Private Banks segment, where revenue of $114M rose 20% Y/Y.

Previously: SEI Investments beats by $0.06, beats on revenue

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