Legg Mason Reports First Fiscal Quarter Results
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Legg Mason (LM) PT Raised to $65 at Piper Jaffray
August 3, 2015 6:53 AM EDTPiper Jaffray analyst Jason Weyeneth reiterated an Overweight rating and bumped his price target on Legg Mason (NYSE: LM) to $65.00 (from $62.00) after reviewing Q2. The analyst notes flow momentum is solid and fixed income risk are overblown.
Weyeneth commented, "Following fiscal 1Q16 we... More
Legg Mason (LM) Tops Q1 EPS by 1c
July 31, 2015 7:03 AM EDTLegg Mason (NYSE: LM) reported Q1 EPS of $0.84, $0.01 better than the analyst estimate of $0.83. Revenue for the quarter came in at $708.6 million versus the consensus estimate of $702.72 million.
Assets Under Management of $699 Billion
AUM decreased to $699.2 billion at June 30, 2015 compared with $702.7 billion at March 31,... More
