Goldman Sachs Upgrades Waddell & Reed (WDR) to Neutral

January 30, 2013 7:00 AM EST Send to a Friend
Get Alerts WDR Hot Sheet
Price: $54.14 --0%

Rating Summary:
    6 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 2
Trade WDR Now!
Join SI Premium – FREE
Goldman Sachs upgraded Waddell & Reed (NYSE: WDR) from Sell to Neutral with a price target of $39.00 (from $31.00).

The firm cited better relative performance for Asset Strategy (WASAX), improving complex-level equity flows and a better margin profile.

Goldman raised 2013/2014 EPS estimates to $2.69/$2.99 from $2.39/$2.70 on more positive flow/margin assumptions and 1Q13 to date market performance and introduce our 2015 estimate of $3.42.

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 $39.14 yesterday.

You May Also Be Interested In

Related Categories

Analyst EPS Change, Analyst EPS View, Analyst PT Change, Upgrades

Related Entities

Goldman Sachs

Add Your Comment