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Fly News Breaks for March 11, 2016
WDR
Mar 11, 2016 | 06:25 EDT
Citi analyst William Katz added Waddell & Reed to his firm's Focus List as a Sell. The recent rally creates "outsized downside risk," Katz tells investors in a research note. He lowered his price target for the shares to $17 from $18 and keeps a Sell rating on the name.
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