Piper Jaffray Initiates Legg Mason With Overweight

Analysts at Piper Jaffray initiated coverage on Legg Mason Inc LM with a Overweight rating. The target price for Legg Mason is set to $65. Legg Mason shares have gained 6.74 percent over the past 52 weeks, while the S&P 500 index has surged 9.43 percent in the same period. Legg Mason shares rose 0.06 percent to close at $53.56 yesterday.