Keefe, Bruyette & Woods Raises Price Target and Estimates on Several Asset Managers

June 15, 2009 8:08 AM EDT

Keefe, Bruyette & Woods raises price target and estimates on several asset managers.

Keefe maintains a Market Perform rating on Federated Investors (NYSE: FII), raises price target from $26 to $29 and increases 2009 EPS estimate from $1.74 to $1.82. 2010 EPS estimates goes to $2.20 from $2.10.

Keefe maintains a Market Perform rating on Janus Capital Group (NYSE: JNS), raises price target from $8.50 to $13 and increases 2009 EPS estimate from $0.27 to $0.35. 2010 EPS estimates goes to $0.50 from $0.67.

Keefe maintains a Market Perform rating on T. Rowe Price (Nasdaq: TROW), raises price target from $32 to $43 and increases 2009 EPS estimate from $1.16 to $1.38. 2010 EPS estimates goes to $1.60 from $1.95.

Keefe maintains a Market Perform rating on Waddell & Reed (NYSE: WDR), raises price target from $23 to $29 and increases 2009 EPS estimate from $0.95 to $1.08. 2010 EPS estimates goes to $1.30 from $1.50.


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Stocks Mentioned

FII 25.76

-0.24 -0.92%
Volume: 962,894
Track FII

JNS 12.79

-0.31 -2.37%
Volume: 2,023,619
Track JNS

TROW 49.24

+0.63 +1.30%
Volume: 1,283,546
Track TROW

WDR 29.53

+0.36 +1.23%
Volume: 310,172
Track WDR


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