BofA/Merrill Lynch Upgrades Legg Mason (LM) to Neutral

BofA/Merrill Lynch analyst Michael Carrier upgraded Legg Mason (NYSE: LM) from Underperform to Neutral with a price target of $29.00 (from $30.00).

The analyst cites a more balanced risk/reward for the upgrade.

For an analyst ratings summary and ratings history on Legg Mason click here. For more ratings news on Legg Mason click here.

Shares of Legg Mason closed at $26.81 yesterday.

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