Macquarie Downgrades Asset Management Stocks LM, AMG & PZN

October 13, 2011 10:40 AM EDT
Get Alerts LM Hot Sheet
Price: $33.20 +1.25%

Rating Summary:
    8 Buy, 9 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
Trade LM Now!
Join SI Premium – FREE
This morning, Macquarie downgraded three Asset Management companies including:

Legg Mason (NYSE: LM) from Outperform to Neutral and cuts price target from $33 to $26. Shares are currently down 6.1%.

Affiliated Managers Group Inc. (NYSE: AMG) and Pzena Investment (NYSE: PZN) were lowered from Neutral to Underperform. Shares are down 5.6% and 4.3%, respectively.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment