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Legg Mason (LM) Gets a Hold Rating from Jefferies


In a report released yesterday, Daniel Fannon from Jefferies reiterated a Hold rating on Legg Mason (NYSE: LM), with a price target of $39. The company’s shares opened today at $28.88, close to its 52-week low of $28.87.

According to TipRanks.com, Fannon is a 5-star analyst with an average return of 14.4% and a 74.4% success rate. Fannon covers the Financial sector, focusing on stocks such as Gain Capital Holdings, Marketaxess Holdings, and Affiliated Managers.

The word on The Street in general, suggests a Hold analyst consensus rating for Legg Mason with a $37.10 average price target, which is a 28.5% upside from current levels. In a report issued on October 9, Citigroup also maintained a Hold rating on the stock with a $33.50 price target.

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The company has a one-year high of $47.13 and a one-year low of $28.87. Currently, Legg Mason has an average volume of 917.7K.

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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.