Goldman Sachs Trims Price Target on Calamos Asset Management (CLMS)
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Price: $8.28 --0%
Rating Summary:
0 Buy, 2 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 11 | New: 20
Rating Summary:
0 Buy, 2 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 11 | New: 20
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Goldman Sachs lowered its price target on Neutral-rated Calamos Asset Management (NASDAQ: CLMS) from $15.50 to $14.
The firm noted, "2Q operating results were in line with expectations, but organic growth turned negative on weakening US flow dynamics. Margin expansion will likely slow amid rising marketing spending and pressure in the distribution channel."
For more ratings news on Calamos Asset Management click here and for the rating history of Calamos Asset Management click here.
Shares of Calamos Asset Management closed at $12.88 yesterday.
The firm noted, "2Q operating results were in line with expectations, but organic growth turned negative on weakening US flow dynamics. Margin expansion will likely slow amid rising marketing spending and pressure in the distribution channel."
For more ratings news on Calamos Asset Management click here and for the rating history of Calamos Asset Management click here.
Shares of Calamos Asset Management closed at $12.88 yesterday.
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