Macquarie Downgrades Asset Management Stocks LM, AMG & PZN
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Price: $49.99 --0%
Rating Summary:
1 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 22 | New: 24
Rating Summary:
1 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 22 | New: 24
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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.
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.
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