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Fly News Breaks for September 21, 2015
WDR
Sep 21, 2015 | 07:49 EDT
Morgan Stanley assumed coverage on Waddell & Reed with an Underweight rating from an Equal Weight rating and lowered its price target to $39 from $51. Analyst Michael Cyprys believes Asset Strategy and High Income performance headwinds could hurt 3-year track record of performance and lead to an acceleration in outflows.
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