Waddell & Reed Partners with Industry Leaders to Build Integrated Advisor Platform
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Piper Jaffray Remains Sidelined on Waddell & Reed Financial (WDR) Despite Compelling Valuation
February 3, 2016 8:30 AM ESTPiper Jaffray maintained a Neutral rating on Waddell & Reed (NYSE: WDR), and cut the price target to $28.00 (from $37.00), following the company's 4Q earnings report. While valuation is very compelling, particularly when factoring in the level of excess capital on the balance sheet, Piper Jaffray remains... More
