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KBW Downgrading Legg Mason Inc (LM)
Wednesday, May 4, 2011 - 9:31am | 82KBW is downgrading shares of Legg Mason Inc (NYSE: LM) to Market Perform with a $39 price target on shares. In a note to investors, KBW writes, "While we thought it was an in-line quarter with solid revenue and moderating outflows, expected sharp increase in compensation was disappointing and...
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KBW Has Outperform On Och Ziff (OZM)
Wednesday, May 4, 2011 - 9:28am | 89KBW has an Outperform rating and a $19 price target on shares of Och-Ziff Capital Mgmt (NYSE: OZM) following earnings. In a note to investors, KBW writes, "Overall, it was a solid, largely as expected quarter helped by higher incentive income, as well as a lower than forecast tax rate....
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Benzinga's Top Upgrades (SNY, FSLR, VCLK, BLK)
Wednesday, May 4, 2011 - 8:08am | 131Bank of America Merrill Lynch upgraded Sanofi-Aventis SA (NYSE: SNY) from “neutral” to “buy.” SNY's shares closed at $40.05 yesterday. Sanofi-Aventis' trailing-twelve-month operating margin is 24.08%. Auriga upgraded First Solar Inc (NASDAQ: FSLR) from “hold” to “buy.” FSLR's shares closed at $134...
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Jefferies Decreases PT On Legg Mason (LM)
Wednesday, May 4, 2011 - 7:46am | 79In a recent report, Jefferies decreased the price target on Legg Mason (NYSE: LM) from $42.00 to 40.00 although the recent quarter was slightly better than expected. In the report, Jefferies said, "While the quarter was slightly better than expected, management's guidance for higher compensation...
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Jefferies Increases EPS And PT On OZM
Wednesday, May 4, 2011 - 7:19am | 84In a recent report, Jefferies increased EPS from $1.36 to $1.43 and PT from $19.00 to $20.00 on Och-Ziff Capital Management (NYSE: OZM) after yesterday's earnings results. In the report, Jefferies said, "Yesterday's earnings results and performance metrics highlight the positive trends we expect...
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Jefferies Lowers PT On Legg Mason To $40
Wednesday, May 4, 2011 - 6:34am | 27Jefferies & Company has lowered the price target on Legg Mason (NYSE: LM) from $42 to $40 and maintains its Buy rating.
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American Capital Reports EPS of $0.23 vs. $0.18 Estimate
Tuesday, May 3, 2011 - 4:15pm | 17American Capital (NASDAQ: ACAS) Reports EPS of $0.23 vs. $0.18 Estimate
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Five Chicago Stocks to Watch When Rahm Emanuel Becomes Mayor (BA, CME, EXC, NTRS, UAL)
Tuesday, May 3, 2011 - 4:14pm | 744On May 16, Rahm Emanuel will take up the reins of the city of Chicago, ending the six-term administration of Mayor Richard M. Daley. Emanuel , a former White House chief of staff and Democratic member of the U.S. House of Representatives, is well known for his blunt, take-no-prisoners style. But...
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April ETF Stats Part I
Tuesday, May 3, 2011 - 2:01pm | 181The exchange traded products business notched another solid month of inflows in April with total assets under management at U.S.-listed ETFs and ETNs rising to $1.14 trillion from $1.06 trillion at the end of March, according to data provided by the National Stock Exchange. That's an increase of...
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Legg Mason to Accelerate Share Buybacks in Fiscal '12 (LM)
Tuesday, May 3, 2011 - 12:28pm | 21Legg Mason (NYSE: LM) will attempt to accelerate share buybacks in fiscal '12.
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Citi Gives Its Initial Take On Och-Ziff Capital Management
Tuesday, May 3, 2011 - 9:53am | 129Och-Ziff Capital Management (NYSE: OZM) reported $0.16 versus Citi's consensus-like $0.14 estimate. Relative to Citi, variance reflects higher incentive fees as management fees and costs in line ex bonus accruals. Strong cost control reinforces robust leverage as AUM/performance build. Revenues of...
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Earnings Roundup For May 3 (PFE, MA, PCS, MYL, WLK, THC, COCO, CTSH, EMR, ADM, LM, IFNNY, TAP, FDP)
Tuesday, May 3, 2011 - 8:33am | 826Pfizer Inc (NYSE: PFE) reported a 10% rise in its first-quarter profit. The company's profit came in at $2.22 billion, or $0.28 per share, versus $2.03 billion, or $0.25 per share, in the year-earlier period. The company's adjusted earnings came in at $0.60 per share. The company's revenue dropped...
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UPDATE: Legg Mason Reports Q1 Profit of $69 million
Tuesday, May 3, 2011 - 7:44am | 94Legg Mason Inc (NYSE: LM) released its results for the fiscal fourth-quarter on Tuesday. The company's quarterly profit increased to $69 million, or $0.45 per share, from $61.6 million, or $0.41 per share, in the year-ago quarter. The company's sales dropped to $713.4 million from $721.9 million....
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Och-Ziff Capital Reports EPS of $(0.99) vs. $0.14 Estimate; Revenues $138.4M vs. $119.27M Estimate (OZM)
Tuesday, May 3, 2011 - 7:32am | 22Och-Ziff Capital (NYSE: OZM) Reports EPS of $(0.99) vs. $0.14 Estimate; Revenues $138.4M vs. $119.27M Estimate
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Legg Mason Reports Q4 EPS of $0.45 vs. $0.45 Estimate; Revenues $713.4M vs. $712.27M Estimate (LM)
Tuesday, May 3, 2011 - 7:08am | 23Legg Mason (NYSE: LM) Reports Q4 EPS of $0.45 vs. $0.45 Estimate; Revenues $713.4M vs. $712.27M Estimate