Sterne Agee Upgrades Waddell & Reed To Buy

Analysts at Sterne Agee upgraded Waddell & Reed Financial

from “neutral” to “buy.” The target price for Waddell & Reed Financial has been raised from $79 to $80. Waddell & Reed shares have surged 36.95% over the past 52 weeks, while the S&P 500 index has gained 19.69% in the same period. Waddell & Reed's shares fell 1.45% to close at $63.31 yesterday.