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Analysts Set Legg Mason Inc (NYSE:LM) Price Target at $33.13 – Tech Know Bits

Shares of Legg Mason Inc (NYSE:LM) have been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat.com reports. Zacks Investment Research upgraded shares of Legg Mason from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, May 20th. The business’s quarterly revenue was down 11.8% on a year-over-year basis. As a group, equities analysts expect that Legg Mason will post 3.25 earnings per share for the current fiscal year. Large investors have recently modified their holdings of the stock. Norges Bank bought a new position in Legg Mason in the 4th quarter worth about $26,074,000. Oregon Public Employees Retirement Fund grew its stake in Legg Mason by 2,451.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 872,212 shares of the asset manager’s stock worth $34,000 after acquiring an additional 838,021 shares in the last quarter.

First found on: techknowbits.com