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LM

Legg Mason

$37.52

0.52 (1.41%)

08:02
06/12/19
06/12
08:02
06/12/19
08:02

Legg Mason reports preliminary AUM $757.9B as of May 31

This month's AUM included long-term net outflows of approximately $0.6B, driven by equity outflows of $1.6B, partially offset by fixed income and alternative inflows of $0.7B and $0.3B, respectively. AUM also included liquidity outflows of $0.6B and a negative foreign exchange impact of $0.2B.

LM Legg Mason
$37.52

0.52 (1.41%)

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.
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.
05/22/19
05/22/19
UPGRADE
Target $35

In Line
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.
05/22/19
05/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Flir Systems (FLIR) upgraded to Outperform from In-Line at Imperial Capital with analyst Jeff Kessler saying after attending recent conferences, he believes prospects for Flir's safe cities and other civilian projects will improve starting in 2020. 2. Legg Mason (LM) upgraded to In Line from Underperform at Evercore ISI with analyst Glenn Schorr saying 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. 3. Ericsson (ERIC) upgraded to Buy from Neutral at BofA/Merrill with analyst Tal Liani citing its 5G leadership and potential for longer-term share gains as well as the U.S. pressures on Huawei, which he thinks may add to Ericsson share gains. 4. Redfin (RDFN) upgraded to Neutral from Underperform at DA Davidson with analyst Tom White saying his proprietary data suggest that the company's listing share trends are not only improving but "establishing new highs." 5. AES Corp. (AES) upgraded to Buy from Hold at Argus with analyst Gary Hovis saying the company is now better positioned to generate "more consistent" earnings and dividend growth while trading at a "reasonable" valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

XLRN

Acceleron

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KSHB

KushCo Holdings

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AYX

Alteryx

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PSN

Parsons

$36.77

-0.045 (-0.12%)

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ENR

Energizer

$37.51

-0.625 (-1.64%)

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Upgrade
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FDX

FedEx

$156.00

-4.88 (-3.03%)

, WMT

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TGT

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AMZN

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General news
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UPWK

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$15.07

-0.41 (-2.65%)

, FVRR

Fiverr

$29.00

-0.2 (-0.68%)

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Fiverr

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LINX

Linx S.A.

$0.00

(0.00%)

07:41
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Syndicate
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07:40
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General news
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BBRX

Braeburn Pharmaceuticals

$0.00

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07:38
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Initiation
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FISV

Fiserv

$90.27

-0.53 (-0.58%)

07:38
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07:38
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Upgrade
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EVSI

Envision Solar

$5.11

-0.22 (-4.13%)

07:38
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KDMN

Kadmon

$1.66

-0.05 (-2.93%)

07:37
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Kadmon initiated  »

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NVCR

Novocure

$57.44

-0.58 (-1.00%)

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CSTR

CapStar Financial

$15.01

0.05 (0.33%)

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CapStar Financial rating change at Sandler ONeill »

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PCRX

Pacira

$43.53

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ODT

Odonate Therapeutics

$28.14

-0.29 (-1.02%)

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X

U.S. Steel

$14.93

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EGO

Eldorado Gold

$5.46

-0.02 (-0.36%)

07:34
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XON

Intrexon

$7.34

0.17 (2.37%)

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BOSC

B.O.S. Better Online

$2.73

(0.00%)

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PRIM

Primoris

$19.57

0.32 (1.66%)

07:32
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MSFT

Microsoft

$133.43

-4.37 (-3.17%)

, AMZN

Amazon.com

$1,879.26

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AMZN

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ORCL

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EXTR

Extreme Networks

$5.73

0.08 (1.42%)

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