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Fly News Breaks for June 22, 2017
TROW, IVZ, WDR
Jun 22, 2017 | 14:14 EDT
Citi analyst William Katz attributes today's strength in Waddell & Reed (WDR) to a Dealreporter article suggesting that Invesco (IVZ), T. Rowe Price (TROW) and Vanguard may have interest in an acquisition, though he believes such combinations are "strategic non-starters." Both Invesco and T. Rowe offered no comment when contacted, added Katz, who keeps a Sell rating on W&R shares.
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