Market Overview

Citigroup Reiterates Neutral Rating, $25 PT on Legg Mason

Share:
Related LM
Legg Mason (LM) Struggles with Higher Costs & Outflows
Legg Mason (LM) Struggles with Higher Costs & Outflows

In a report published Friday, Citigroup reiterated its Neutral rating and $25.00 price target on Legg Mason (NYSE: LM).

Citigroup noted, “At the margin, we view the news as mixed as we believe some accretion from the Fauchier Partners deal may be offset by changes to revenue share dynamics in which LM will help Permal invest to grow the business, particularly in the Asia Pac region. We maintain our current estimates and plan to review our model following deal terms announced during F3Q13 EPS.”

Legg Mason closed on Thursday at $25.08.

Latest Ratings for LM

DateFirmActionFromTo
Mar 2017Evercore ISI GroupDowngradesHoldUnderperform
Oct 2016Keefe Bruyette & WoodsMaintainsOutperform
Oct 2016JefferiesMaintainsBuy

View More Analyst Ratings for LM
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (LM)

View Comments and Join the Discussion!