BofA/Merrill Lynch Downgrades Waddell & Reed (WDR) to Neutral
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Price: $24.98 --0%
Rating Summary:
0 Buy, 13 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
0 Buy, 13 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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BofA/Merrill Lynch downgraded Waddell & Reed (NYSE: WDR) from Buy to Neutral and maintains a price target of $51.
Analyst Michael Carrier said given weak one-year performance and a strong three-year rolling off, they expect subdued performance and outflows to linger.
For an analyst ratings summary and ratings history on Waddell & Reed click here. For more ratings news on Waddell & Reed click here.
Shares of Waddell & Reed closed at $50.64 yesterday.
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