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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Waddell & Reed Financial

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Citigroup Expects Shares To Retrench For Waddell & Reed Financial
Jefferies Downgrades Waddell & Reed Financial To Hold

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Waddell & Reed Financial (NYSE: WDR), and raised its price target from $30.00 to $33.00.

Jefferies noted, “Both the traditional and alternative asset managers will begin reporting 4Q earnings next week, with BLK kicking things off on Wed, Jan 16th. Our numbers move modestly higher, mostly due to int'l equity market gains and an improved outlook for performance fees. We see AMG and BLK as relative positive stand-outs in terms of organic growth in the period.”

Waddell & Reed Financial closed on Tuesday at $36.25.

Latest Ratings for WDR

DateFirmActionFromTo
Mar 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Feb 2015Bank of AmericaDowngradesBuyNeutral
Feb 2015JefferiesDowngradesBuyHold

View More Analyst Ratings for WDR
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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