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Fly News Breaks for January 11, 2019
LM
Jan 11, 2019 | 07:03 EDT
BofA/Merrill analyst Michael Carrier upgraded Legg Mason to Neutral from Underperform and trimmed his price target to $29 from $30. Carrier said flows are holding up better than peers, management is de-leveraging the balance sheet, and expects potential efficiency measures and product approvals to be announced.
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