Legg Mason upgraded to Outperform from Market Perform at Keefe Bruyette Keefe Bruyette upgraded Legg Mason after meeting with management citing the company's growth prospects. The firm raised its price target for shares to $50 from $48.
Legg Mason reports preliminary December assets under management of $709.1B Legg Mason reported preliminary assets under management of $709.1B as of December 31, 2014. This month's AUM included preliminary long-term inflows of $1.7B, reflecting fixed income inflows of $3.0B which were partially offset by equity outflows of $1.3B. Liquidity inflows were $3.8B December AUM included a negative foreign exchange impact of $2.0B.