Waddell & Reed Financial (WDR) Reports Q2 EPS of 28c

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Waddell & Reed (WDR) PT Lowered to $19 at Jefferies

August 2, 2017 8:37 AM EDT

Jefferies lowered its price target on Waddell & Reed (NYSE: WDR) to $19.00 (from $20.00) while maintaining a Hold rating.

WDR announced another round of cost cutting mainly focused at the broker dealer. A combination of reduced branches, lower interest exp, higher return on corporate cash... More