Keefe, Bruyette & Woods Downgrades Calamos Asset Management (CLMS) to Market Perform; Increased Volatility and Uncertainty

Keefe, Bruyette & Woods downgraded Calamos Asset Management (NASDAQ: CLMS) to Market Perform, lowers price target to $14.00.

KBW analyst says, "We are lowering our price target and rating on CLMS to reflect a more conservative valuation in light of a contraction in industry multiples and increased market volatility and uncertainty."

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 $12.64 yesterday, with a 52 week range of $9.27-$17.41.

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