Piper Jaffray Initiates Legg Mason With Overweight

Analysts at Piper Jaffray initiated coverage on Legg Mason Inc (NYSE: LM) with a Overweight rating.

The target price for Legg Mason is set to $65.

Legg Mason shares have gained 6.74 percent over the past 52 weeks, while the S&P 500 index has surged 9.43 percent in the same period.

Legg Mason shares rose 0.06 percent to close at $53.56 yesterday.