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Fly News Breaks for February 18, 2020
BEN, LM
Feb 18, 2020 | 19:13 EDT
Keefe Bruyette analyst Robert Lee downgraded Legg Mason (LM) to Market Perform from Outperform with a price target of $50, up from $43. The rating change follows the announcement earlier today that Franklin Templeton (BEN) will buy Legg Mason for $4.5B or at $50 per share.
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