Legg Mason

Citi is out with its report today on Legg Mason (NYSE: LM), affirming Buy. In a note to clients, Citi writes, "Affirm non-consensus Buy and $46 12-month target following CIRA sponsored investor meeting with CFO on 3/8. Overall, the session reinforced the dichotomy that despite likely sluggish AUM...

Citi is out with its report today on Legg Mason (NYSE: LM), reiterating its $46 PT on LM after a meeting with LM's new CFO, Peter Nachtwey. In a report sent to clients, Citi writes, "We affirm our non consensus Buy investment opinion, reiterate our calendar 2011 and 2012 operating EPS estimates of...

KBW is raising its price target on Legg Mason Inc. (NYSE: LM) from $36 to $41.

Wells Fargo initiates coverage on Black Rock (NYSE: BLK) and Legg Mason (NYSE: LM). Wells Fargo writes, "We are initiating coverage of BLK with an Outperform rating on the shares. We are introducing 2010, 2011, and 2012 adjusted EPS estimates of $10.32, $11.60, and $13.35, respectively. BLK shares...

Invesco (NYSE: IVZ) and Franklin Resources, Inc. (NYSE: BEN) had standout long term inflows in the month of September, while Legg Mason, Inc. (NYSE: LM) and Artio Global Investors, Inc. (NYSE: ART) were relatively weak, Deutsche Bank reports. “Trends for the asset mgrs are mostly favorable given...