Short Term Rating on Legg Mason (LM)

Legg Mason (LM) : 5 brokerage houses believe that Legg Mason (LM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Legg Mason (LM). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 1.63.

Legg Mason (LM) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $45 and the lowest price target forecast is $32. The average forecast of all the analysts is $38.17 and the expected standard deviation is $4.58.

For the current week, the company shares have a recommendation consensus of Buy.


Legg Mason (NYSE:LM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.77 and $30.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.26, notching a gain of 3.37% for the day. The total traded volume was 1,860,698 . The stock had closed at $30.24 on the previous day.

Legg Mason, Inc. is a holding company. Through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, company-sponsored investment funds and retail separately managed account programs. The Company offers its products and services directly and through various financial intermediaries. Its investment advisory services include discretionary and non-discretionary management of separate investment accounts in numerous investment styles for institutional and individual investors. Its investment products include proprietary mutual funds ranging from money market and other liquidity products to fixed income, equity and alternative funds managed in a wide variety of investment styles. The Company also offers other domestic and offshore funds to both retail and institutional investors and funds-of-hedge funds. The Companys United States mutual funds consist of two groups of mutual and closed-end funds.

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