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Fly News Breaks for January 4, 2016
WDR
Jan 4, 2016 | 06:16 EDT
Credit Suisse analyst Craig Siegenthaler downgraded Waddell & Reed to Underperform and lowered his price target to $28 from $33 on shares. Siegenthaler views shares as expensive given overall weak fund performance, weak flows, and resulting pressure on blended margins.
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