Keefe Bruyette & Woods is lowering Waddell & Reed WDR to Market Perform from Outperform based on valuation, while raising the PT to $44.
Target Price Risks include WDR's AUM, revenues, and earnings are very sensitive to changes in the equity market. Also, WDR's AUM and flows are particularly sensitive to the performance of a handful of large funds, including the Asset Strategy and Natural Resource Funds.
WDR closed Tuesday at $40.81
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in