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Stock Market & Financial Investment News

News Breaks
February 11, 2013
13:05 EDTLMLegg Mason advances after Gabelli takes stake, report of new CEO
Shares of asset management company Legg Mason (LM) are rising after investment firm Gabelli announced that it had obtained a 5.13% stake in Legg Mason as of February 8. Separately, Legg Mason reported that its assets under management increased to $654B as of January 31, up from $649B as of December 31. Meanwhile, Dow Jones reported mid-day that the company would name a new CEO this week following a five month search. Several "high profile" executives declined to take the job, the news service added. In early afternoon trading, Legg Mason rose 1.5% to $27.62, down from its high for the day of $28.08.
News For LM From The Last 14 Days
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February 18, 2015
10:05 EDTLMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico Eagle (AEM) upgraded to Overweight from Neutral at JPMorgan... Amarin (AMRN) upgraded to Buy from Neutral at SunTrust... Capital Product (CPLP) upgraded to Accumulate from Neutral at Global Hunter... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Express (EXPR) upgraded on lower promotional activity at Piper Jaffray... Kforce (KFRC) upgraded to Outperform from Market Perform at Avondale... Legg Mason (LM) upgraded to Buy from Hold at Jefferies... Rackspace (RAX) upgraded following Q4 results at Pacific Crest... Rosetta Resources (ROSE) upgraded to Buy from Neutral at Global Hunter... SeaChange (SEAC) upgraded to Buy from Hold at Noble Financial... Valero (VLO) upgraded to Outperform from Neutral at Credit Suisse... Veeco (VECO) upgraded to Buy from Hold at Noble Financial... Wolverine World Wide (WWW) upgraded to Neutral from Underperform at Sterne Agee.
05:38 EDTLMLegg Mason upgraded to Buy from Hold at Jefferies
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