Market Overview

UPDATE: Morgan Stanley Initiates Waddell & Reed Financial at Equal-Weight on Flow Headwinds

Share:
Related WDR
Benzinga's Top Upgrades, Downgrades For June 30, 2017
Benzinga's Top Upgrades, Downgrades For June 14, 2017

Morgan Stanley initiated coverage on Waddell & Reed Financial (NYSE: WDR) with an Equal-weight rating and a $35 price target.

Morgan Stanley noted, "[W]e see significant organic growth opportunities driven by expansion of WDR's strong-performing product platform and by increased penetration of the Wholesale & Institutional channels. However, we see equally significant challenges in elevated outflows from Waddell's Asset Strategy funds (30% of AuM) driven by performance volatility, and potential pressure on margins associated with growth in the Wholesale channel."

Waddell & Reed Financial closed at $33.06 on Thursday.

Latest Ratings for WDR

DateFirmActionFromTo
Aug 2017Credit SuisseMaintainsUnderperform
Jun 2017RBC CapitalInitiates Coverage OnUnderperform
Jun 2017Keefe Bruyette & WoodsUpgradesUnderperformMarket Perform

View More Analyst Ratings for WDR
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (WDR)

View Comments and Join the Discussion!
Loading...
Loading...