Jefferies Downgrades Waddell & Reed (WDR) to Hold
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Price: $24.98 --0%
Rating Summary:
0 Buy, 13 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 13 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies downgraded Waddell & Reed (NYSE: WDR) to Hold with a price target of $27.50.
The firm comments, ". During the month of September, WDR's flagship Asset Strategy Fund materially underperformed the market and its peers, declining approx. 14.8%. Given this fund's out-sized contribution to growth, we anticipate the company’s organic growth will be negatively impacted in the short term."
For more ratings news on Waddell & Reed click here and for the rating history of Waddell & Reed click here.
Shares of Waddell & Reed closed at $24.77 yesterday.
The firm comments, ". During the month of September, WDR's flagship Asset Strategy Fund materially underperformed the market and its peers, declining approx. 14.8%. Given this fund's out-sized contribution to growth, we anticipate the company’s organic growth will be negatively impacted in the short term."
For more ratings news on Waddell & Reed click here and for the rating history of Waddell & Reed click here.
Shares of Waddell & Reed closed at $24.77 yesterday.
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