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Fly News Breaks for March 15, 2016
WDR
Mar 15, 2016 | 09:02 EDT
As previously reported, BofA/Merrill downgraded Waddell & Reed to Underperform from Neutral with a $24 price target on shares. Analyst Michael Carrier said flows and performance are weighing on organic growth and said he does not see near-term catalysts that will drive an improvement in trends.
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