Deutsche Bank Thinks Legg Mason’s Stock is Going to Recover


Deutsche Bank analyst Brian Bedell maintained a Buy rating on Legg Mason (NYSE: LM) today and set a price target of $38. The company’s shares opened today at $28.88, close to its 52-week low of $28.87.

According to TipRanks.com, Bedell is a 4-star analyst with an average return of 4.8% and a 52.6% success rate. Bedell covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, Affiliated Managers, and State Street Corp.

Legg Mason has an analyst consensus of Moderate Buy, with a price target consensus of $37.25.

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Legg Mason’s market cap is currently $2.54B and has a P/E ratio of 7.47. The company has a Price to Book ratio of 0.66.

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Legg Mason, Inc. is a global asset management company. It provides investment management and related services to institutional and individual clients, company sponsored mutual funds and other pooled investment vehicles through financial intermediaries.

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