Waddell & Reed upgraded to Buy from Neutral at Citigroup Citigroup upgraded Waddell & Reed citing flow outperformance following the company's Q4 results. Citi raised its price target for shares to $76 from $66.
Waddell & Reed names Shawn Mihal as Chief Regulatory Officer Waddell & Reed has appointed Shawn Mihal as SVP, Chief Regulatory Officer and Chief Compliance Officer of its two broker-dealer subsidiaries, Waddell & Reed and Ivy Funds Distributor. Mihal takes over for Terry Lister, who is retiring. Most recently Mihal was vice president and Chief Compliance Officer with Transamerica Financial Advisors.