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LM

Legg Mason

$34.67

1.415 (4.26%)

17:48
05/14/19
05/14
17:48
05/14/19
17:48

Legg Mason may be the target of activist moves by Trian, WSJ reports

According to Cara Lombardo and Justin Baer of the Wall Street Journal, activist investor Trian Fund Management has met with money manager Legg Mason to discuss cost-cutting and profitability moves. According to the WSJ story, the two sides may still avoid a proxy fight by negotiating a settlement. Reference Link

LM Legg Mason
$34.67

1.415 (4.26%)

02/05/19
SBSH
02/05/19
UPGRADE
SBSH
Buy
Legg Mason upgraded to Buy from Neutral at Citi
Citi analyst Citi analyst William Katz upgraded Legg Mason to Buy.
02/05/19
WELS
02/05/19
NO CHANGE
Target $34
WELS
Outperform
Legg Mason price target raised to $34 from $29 at Wells Fargo
Wells Fargo analyst Christopher Harris raised his price target for Legg Mason to $34 from $29, while reiterating an Outperform rating on the shares. The company's Q3 was quite noisy because of various charges, but the bigger news was the unveiled plan to implement a new operating platform expected to produce material cost savings, he notes.
02/05/19
02/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Covanta (CVA) upgraded to Buy from Neutral at Goldman Sachs with analyst Brian Lee saying he expects near-term U.K. project pipeline catalysts to highlight the company's medium-to-long term growth potential. 2. Booking Holdings (BKNG) upgraded to Buy from Hold at Deutsche Bank with analyst Lloyd Walmsley saying Booking's room night growth can accelerate in 2019 as the company "leans back into marketing channels," and this can drive multiple expansion. 3. Regenxbio (RGNX) upgraded to Strong Buy from Outperform at Raymond James with analyst Reni Benjamin saying his recent talks with management gave him added information on RGX-314 in patients with wet age-related macular degeneration and an update on the company's other gene therapy programs. 4. Legg Mason (LM) upgraded to Buy from Neutral at Citi. 5. Nine Energy Services (NINE) upgraded to Buy from Hold at Tudor Pickering. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/14/19
RBCM
05/14/19
NO CHANGE
Target $39
RBCM
Outperform
Legg Mason price target raised to $39 from $35 at RBC Capital
RBC Capital analyst Kenneth Lee raised his price target on Legg Mason to $39 to reflect the upward drift in its peer group multiples since his last revision. The analyst also notes that the company's Q4 earnings were "in-line" and reduces his FY20 EPS outlook by 12c to $3.25 given his expected impact from its strategic restructuring and assumption of no buybacks this year, but keeps his Outperform rating on Legg Mason shares.

TODAY'S FREE FLY STORIES

CMG

Chipotle

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-41.38 (-5.86%)

, BLMN

Bloomin' Brands

$18.65

-1.55 (-7.67%)

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On The Fly
Downgrades of Chipotle, Qualcomm headline today's top analyst calls »

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CMG

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BLMN

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EXPE

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GE

General Electric

$9.62

-0.28 (-2.83%)

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Giant ratio spread in GE as shares drop 2.1% »

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ECA

Encana

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TTOO

T2 Biosystems

$1.88

-0.685 (-26.76%)

11:19
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T2 Biosystems highlights clinical data at ECCMID, MAD-ID meetings »

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  • 07

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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Technical Analysis
NYSE market internals summary »

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11:15
05/23/19
05/23
11:15
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11:15
General news
Breaking General news story  »

8-Week Bill Auction to be…

11:15
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11:15
General news
Breaking General news story  »

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MICT

Micronet Enertec

$0.99

(0.00%)

11:10
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11:10
Hot Stocks
Micronet Enertec receives two orders totaling $1.3M for SmartHub platform »

MICT announced that…

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EQT

EQT Corporation

$19.64

-0.31 (-1.55%)

11:10
05/23/19
05/23
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11:10
Hot Stocks
EQT Corporation files definitive proxy, mails letter to shareholders »

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HTHT

Huazhu Group

$32.60

-1.81 (-5.26%)

11:10
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05/23
11:10
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11:10
Downgrade
Huazhu Group rating change  »

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  • 23

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USO

United States Oil Fund

$12.09

-0.66 (-5.18%)

11:10
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11:10
Options
Customer rolls US Oil ETF puts for 233% gain as oil sells off »

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RTLR

Rattler Midstream

$0.00

(0.00%)

, FANG

Diamondback Energy

$104.01

-4.86 (-4.46%)

11:09
05/23/19
05/23
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11:09
Syndicate
Rattler Midstream opens at $18.06, IPO priced at $17.50 per share »

Rattler Midstream (RTLR)…

RTLR

Rattler Midstream

$0.00

(0.00%)

FANG

Diamondback Energy

$104.01

-4.86 (-4.46%)

03/08/13
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FCX

Freeport McMoRan

$9.94

-0.11 (-1.09%)

11:05
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Freeport McMoRan call volume above normal and directionally bullish »

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  • 12

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IBM

IBM

$132.49

-3.53 (-2.60%)

11:04
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  • 23

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LB

L Brands

$24.88

0.59 (2.43%)

10:59
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On The Fly
Analysts remain cautious on L Brands despite stronger quarter »

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  • 23

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IDYA

IDEAYA Biosciences

$0.00

(0.00%)

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Syndicate
Breaking Syndicate news story on IDEAYA Biosciences »

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  • 23

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CNX

CNX Resources

$7.56

-0.26 (-3.32%)

10:50
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Options
Size put option block in CNX after calls bought yesterday »

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  • 29

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10:50
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General news
Treasury Action: yields have extended lower as Wall Street sinks »

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AZZ

AZZ Inc.

$43.62

(0.00%)

10:46
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AZZ Inc. discloses change in independent registered public accounting firm »

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GSK

GlaxoSmithKline

$39.97

-0.22 (-0.55%)

10:45
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GSK to change sales representative incentive program »

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10:45
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10:45
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General news
he April U.S. new home sales report beat estimates »

The April U.S. new home…

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