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Jefferies Says Legg Mason Is Moving From 'Defense To Offense,' Upgrades To Buy
Wednesday, February 18, 2015 - 12:39pm | 205In a report published Wednesday, Jefferies analyst Daniel Fannon upgraded shares of Legg Mason Inc (NYSE: LM) to Buy from Hold with a price target raised to $67 from a previous $50 given the company's "strong" growth outlook and diversified portfolio. Fannon wrote that Legg Mason has recorded $11...