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Legg Mason Brexit Selloff Creates Buying Opportunity Says Citi
Thursday, June 30, 2016 - 8:05am | 231Shares of Legg Mason Inc (NYSE: LM) have lost 15 percent through June. Citi’s William R Katz maintained a Buy rating for the company, with a price target of $45, saying that the Brexit and buyback overhangs seemed excessive. Smaller Brexit Risk Than Feared Legg Mason had previously...
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Robo-Advisor Performance Under Stress Called Into Question Following 'Brexit Day'
Tuesday, June 28, 2016 - 9:56am | 290According to an article published by the Wall Street Journal, automated investing service Betterment LLC halted platform trading on Friday to prevent clients from elevated market volatility due to Brexit. Citi’s William R Katz said in a report that this action raised question about Robo...
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Citi Upgrades BlackRock To Buy, Lifts Target To $410
Tuesday, April 19, 2016 - 7:51am | 252There has been tremendous speculation regarding the Department of Labor's [DoL] announcement of a new Fiduciary rule impacting financial advisors. Citi’s William R Katz upgraded the rating for BlackRock, Inc. (NYSE: BLK) from Neutral to Buy, saying that the company is an “...
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Waddell & Reed Shares Added To Sell List At Citi
Friday, March 11, 2016 - 9:39am | 216Citi’s William R Katz maintained a Sell rating for Waddell & Reed Financial, Inc. (NYSE: WDR), while reducing the price target from $18 to $17. While adding the company to the US Focus Sell List, the analyst said that the recent increase in the company’s shares does not reflect...
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Citi Questions If Waddell & Reed Is 'Salvageable'; Maintains Sell
Monday, October 5, 2015 - 9:31am | 304Waddell & Reed Financial, Inc. (NYSE: WDR) shares have declined 28.22 percent year-to-date, hitting a low of $33.77 on September 28. Citi’s William R Katz has maintained a Sell rating on the company, while lowering the price target from $32.50 to $29.00. Katz believes that...
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Citi: Keep Selling WisdomTree, Competition Is Rising
Thursday, October 1, 2015 - 10:31am | 256Shares of WisdomTree Investments, Inc. (NASDAQ: WETF) have declined almost 30 percent in the past three months, reaching a low of $15.635 on September 29. Citi’s William R Katz has reiterated a Sell rating on the company, while lowering the price target from $15 to $12. Katz...
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Citi Rates Och-Ziff Capital (OZM) High Risk
Monday, June 7, 2010 - 2:04pm | 159Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated the Och-Ziff Capital Management Group (NYSE: OZM) a High Risk, with a price target of $22 per share. The analysts said that the three biggest risks facing Och-Ziff Capital Management Group were the company's...
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Citi Rates Legg Mason (LM) Medium Risk
Monday, June 7, 2010 - 1:55pm | 139Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Legg Mason Inc (NYSE: LM) a Medium Risk, with a target price of $41 per share. The analysts said that Legg Mason's recent outflows were offset by the company's diversification in stocks, fixed income...
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Citi Rates Invesco (IVZ) A Medium Risk
Monday, June 7, 2010 - 1:34pm | 196Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Invesco Ltd (NYSE: IVZ) a Medium Risk, with a price target of $25 per share. The analysts said that the Invesco Ltd price target of 15 x target P/E was in line with the company's peers. They said that...
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Citi Rates Franklin Resources (BEN) Low Risk
Monday, June 7, 2010 - 11:44am | 209Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free. Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Franklin Resources Inc (NYSE: BEN) a Low Risk, with a target price of $132 per share. The...
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Citi Rates Artio Global Investors (ART) High Risk
Monday, June 7, 2010 - 11:30am | 192Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Artio Global Investors Inc (NYSE: ART) a High Risk, with a price target of $21 per share. When determining the price target, the analysts said that they applied a multiple lower than that used for the...
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Citi Rates Allianceberstein Holding (AB) A Medium Risk
Monday, June 7, 2010 - 11:19am | 211Citi Investment Research & Analysis analysts William R Katz and Neil Stratton rated shares of Allianceberstein Holding L.P. (NYSE: AB) Medium Risk, with a target price of $32 per share. Katz and Stratton said that because Allianceberstein Holding L.P. was in the early stages of a turnaround,...