UPDATE: Citi Upgraded Waddell & Reed, Inc From Neutral To Buy; Raises PT From $66 to $76

by Paul Quintaro, Benzinga Editor
February 5, 2014 3:37 PM | 21 seconds read | Make a Comment
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In a research note published earlier Wednesday, Citi upgraded Waddell & Reed, Inc
WDR
from Neutral to Buy and raised the price target from $66 to $76. The firm's William Katz cited strong Q4 results. He believes Waddell & Reed is an attractive play on:
  • "flow outperformance
  • equities leverage
  • margin improvement
  • FCF return
    • " Shares of WDR are trading up 0.29 percent to around $64.95.
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