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

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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
Sep 2014JefferiesUpgradesHoldBuy
Aug 2014SusquehannaInitiates Coverage onNeutral
Jul 2014Keefe Bruyette & WoodsDowngradesOutperformMarket Perform

View More Analyst Ratings for WDR
View the Latest Analyst Ratings

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

 

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