Legg Mason (LM) Receives a Buy from Wells Fargo

In a report released today, Christopher Harris from Wells Fargo maintained a Buy rating on Legg Mason (LM). The company’s shares opened today at $30.56.

According to TipRanks.com, Harris is a 4-star analyst with an average return of 8.1% and a 63.9% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Intercontinental Exchange, and Oaktree Capital Group Llc.

Currently, the analyst consensus on Legg Mason is a Moderate Buy with an average price target of $31.43.

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Based on Legg Mason’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $218 million. In comparison, last year the company had a net profit of $73.39 million.

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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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