Legg Mason (LM) Receives Price Target

Legg Mason (LM) : The most positive equity analysts on Legg Mason (LM) expects the shares to touch $45, whereas, the least positive believes that the stock will trade at $35 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $39 with an expected fluctuation of $3.52 from the mean.

Legg Mason (LM) : The consensus on Legg Mason (LM) based on 8 analyst recommendation on the company stock is 1.63, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Citigroup maintains their rating on the shares of Legg Mason (NYSE:LM). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $50 per share from $45 per share. The rating by the firm was issued on July 28, 2016.

Legg Mason (NYSE:LM): The stock opened at $34.71 on Thursday but the bulls could not build on the opening and the stock topped out at $34.84 for the day. The stock traded down to $33.84 during the day, due to lack of any buying support eventually closed down at $34.05 with a loss of -1.56% for the day. The stock had closed at $34.59 on the previous day. The total traded volume was 843,170 shares.

Legg Mason, Inc. is a holding company. Through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, company-sponsored investment funds and retail separately managed account programs. The Company offers its products and services directly and through various financial intermediaries. Its investment advisory services include discretionary and non-discretionary management of separate investment accounts in numerous investment styles for institutional and individual investors. Its investment products include proprietary mutual funds ranging from money market and other liquidity products to fixed income, equity and alternative funds managed in a wide variety of investment styles. The Company also offers other domestic and offshore funds to both retail and institutional investors and funds-of-hedge funds. The Companys United States mutual funds consist of two groups of mutual and closed-end funds.

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