Legg Mason Announces Strategic Investment in Precidian Investments
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Piper Jaffray Remains Bullish Following Legg Mason's (LM) Multiple Investments Announcement
January 25, 2016 8:06 AM ESTPiper Jaffray maintained an Overweight rating on Legg Mason (NYSE: LM), and cut the price target to $53.00 (from $57.00), following the company's strategic investments announcement. LM announced three strategic investments (Clarion Partners, EnTrust, Precidian) consuming over $985M of cash. Piper has a favorable view of... More
