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LM

Legg Mason

$36.89

1.21 (3.39%)

09:34
05/22/19
05/22
09:34
05/22/19
09:34

Legg Mason upgraded to In Line at Evercore ISI on progress toward stability

As previously reported, Evercore ISI analyst Glenn Schorr upgraded Legg Mason to In Line from Underperform and raised his price target on the shares to $35 from $32. The analyst argues that with Legg Mason having made "a bunch of progress" toward accomplishing the mission of becoming a more stable company and now with the presence of an activist that should help them extract some more expense synergies, it does not feel like an underperform to him anymore.

LM Legg Mason
$36.89

1.21 (3.39%)

05/22/19
EVER
05/22/19
UPGRADE
Target $35
EVER
In Line
Legg Mason upgraded to In Line from Underperform at Evercore ISI
Evercore ISI analyst Glenn Schorr upgraded Legg Mason to In Line from Underperform and raised his price target for the shares to $35 from $32.
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.
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.
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.

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KEQU

Kewaunee Scientific

$22.34

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GM

General Motors

$36.71

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FLXS

Flexsteel Industries

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ADBE

Adobe

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PCG

PG&E

$19.15

0.27 (1.43%)

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  • 21

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STOK

Stoke Therapeutics

$0.00

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LTXB

LegacyTexas Financial

$39.02

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UNP

Union Pacific

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GM

General Motors

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BXC

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EADSY

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FB

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  • 18

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GVA

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APC

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MDT

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  • 19

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EAF

GrafTech

$10.95

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APC

Anadarko

$69.95

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