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Fly News Breaks for August 3, 2015
LM
Aug 3, 2015 | 08:14 EDT
Citi analyst William Katz believes shares of Legg Mason can double by 2020 due to favorable franchise repositioning and the company's use of cash flow to bolster growth and drive down the share count. Following Legg's better than expected Q2 results, Katz raised his price target for the stock to $67 from $63 and keeps a Buy rating on the name.
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