Legg Mason (NYSE:LM) Rating Lowered to Market Perform at Keefe, Bruyette & Woods – Enterprise Echo
Legg Mason (NYSE:LM) was downgraded by stock analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, MarketBeat.com reports. Finally, Cfra raised their target price on shares of Legg Mason from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. In related news, insider Legg Mason, Inc. acquired 49,554 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th.