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Credit Suisse Downgrades Legg Mason, Says Its Thesis Parallels The Consensus
Wednesday, January 3, 2018 - 3:52pm | 328Read More...Legg Mason Inc (NYSE: LM) reported better-than-expected second-quarter earnings after the close Oct. 25. The Analyst Credit Suisse's Craig Siegenthaler downgraded Legg Mason from Outperform to Neutral with a price target of $49. The Thesis The analyst has a 12-month price target...
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Online Broker Battles: Credit Suisse Goes Bullish On Charles Schwab, E*Trade
Sunday, December 3, 2017 - 6:31pm | 474Read More...The red-hot stock market has resulted in a nice year for online brokers in 2017, even amid an aggressive pricing war in the space. One analyst recently took a close look at three of the most popular online brokers and made his picks for which stocks investors should be buying and which one they...
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LPL Financial Vs. Raymond James: A Financials Pair Trade
Sunday, December 3, 2017 - 6:12pm | 403Read More...LPL Financial Holdings Inc (NASDAQ: LPLA) performed significantly better than Raymond James Financial, Inc. (NYSE: RJF) over the last six months as it gained around 31 percent, while Raymond James Financial traded around 18.5 percent higher. The Analyst Credit Suisse's Craig Siegenthaler...
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Saudi Investment Helps Solidify Long Thesis For Blackstone
Monday, May 22, 2017 - 2:12pm | 336Read More...Shares of Blackstone Group LP (NYSE: BX) gained more than 6 percent on Monday and hit a new 52-week high of $32.10 after the company successfully raised $20 billion for an infrastructure fund. The government of Saudi Arabia pledged $20 billion to Blackstone's newly created infrastructure investment...
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Affiliated Managers Valuation Shows The Market Underappreciates Its Pipeline And Earnings Growth
Wednesday, September 7, 2016 - 10:09am | 333Read More...The market seems to be “significantly underappreciating” Affiliated Managers Group, Inc’s (NYSE: AMG) large acquisition pipeline and future EPS growth potential, Credit Suisse’s Craig Siegenthaler said in a report. He maintained an Outperform rating on the company, with a...
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Legg Mason Shares Indicated Higher Following Credit Suisse Upgrade
Wednesday, March 16, 2016 - 9:29am | 253Read More...Credit Suisse’s Craig Siegenthaler upgraded the rating for Legg Mason Inc (NYSE: LM) from Neutral to Outperform, while raising the price target from $39 to $49. Legg Mason’s shares are trading at an 18 percent discount to its peers. Analyst Craig Siegenthaler believes that the...
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Credit Suisse Cuts Waddell & Reed To Underperform Amid Weak Fund Performance
Monday, January 4, 2016 - 9:36am | 262Read More...The share price of Waddell & Reed Financial, Inc. (NYSE: WDR) declined 42.03 percent through 2015, touching a low of $28.30 on December 18. Craig Siegenthaler of Credit Suisse has downgraded the rating on the company from Neutral to Underperform, while lowering the price target from $33...
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Credit Suisse Continuing To Become More Defensive On Alternative Asset Managers, Downgrades Carlyle
Monday, January 4, 2016 - 9:17am | 380Read More...The Carlyle Group LP (NASDAQ: CG) shares are flat year-to-date, while having lost 45 percent since January 5. Credit Suisse’s Craig Siegenthaler downgraded the rating on the company from Outperform to Neutral, while maintaining the price target at $18. The downgrade reflects the...
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Credit Suisse Thinks Franklin Resources Is Expensive, Downgrades To Underperform
Monday, January 4, 2016 - 9:12am | 326Read More...Shares of Franklin Resources, Inc. (NYSE: BEN) have declined 33.65 percent through 2015, dropping close to their 52-week low on December 18, at $35. Craig Siegenthaler of Credit Suisse has downgraded the rating on the company from Neutral to Underperform, while lowering the price target from...
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Credit Suisse's Top 10 Financial Stocks: Schwab Out, Goldman In
Monday, December 7, 2015 - 2:42pm | 758Read More...The financial sector has lagged the overall market in 2015, and the Select Sector Financial Slct Str SPDR Fd (NYSE: XLF) has gained 0.2 percent versus the S&P 500’s 1.5 percent gain year-to-date. For the first time in two months, Credit Suisse analysts have updated their top financial...
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3 Key Trends & 1 Top Pick From Credit Suisse's Initiations On 5 Asset Managers
Thursday, June 4, 2015 - 8:47am | 975Read More...On June 3, Credit Suisse analysts Craig Siegenthaler and Ryan Sullivan published a report "Perspective on the Secular Shift to ETFs, Alts, and High Active Share," updating industry trends, and initiating coverage on five smaller cap asset managers, including: High growth ETF manager...
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Credit Suisse Takes Neutral Position On 4 Asset Managers
Tuesday, January 6, 2015 - 1:11pm | 459Read More...Credit Suisse on Tuesday changed its ratings to Neutral on four asset managers. Analysts led by Craig Siegenthaler looked “for asset manager industry fundamentals to improve in 2015 – with profits generally aided from the overall market tailwind (p-fees, mix shift, margin expansion...
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UPDATE: Credit Suisse Upgrades Janus Capital Group
Tuesday, January 6, 2015 - 12:22pm | 242Read More...Credit Suisse upgraded Janus Capital Group Inc (NYSE: JNS) Tuesday from Underperform to Neutral and set a $19 price target. Analysts led by Craig Siegenthaler based their upgrade “on new guidance from JNS's CFO on its 3Q14 earnings call” and estimated “the company could be...
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Credit Suisse Downgrades Invesco Due To Valuation Concerns
Tuesday, January 6, 2015 - 9:27am | 135Read More...Craig Siegenthaler of Credit Suisse downgraded shares of Invesco Ltd. (NYSE: IVZ) on Tuesday to Neutral from Buy with a $45 price target due to valuation concerns. Shares of Invesco outperformed the average traditional asset manager by nine percent in 2014, according to Siegenthaler, who notes that...
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Credit Suisse Downgrades Apollo Global Management Due To 'Challenging' Investment Environment
Tuesday, January 6, 2015 - 9:23am | 141Read More...Craig Siegenthaler of Credit Suisse downgraded shares of Apollo Global Management LLC (NYSE: APO) on Tuesday to Neutral from Outperform with a $25 price target. According to Siegenthaler, it will be difficult for the company's private equity business to deploy its $33 billion of “dry-powder” and...
