Waddell & Reed upgraded to Buy from Neutral at Goldman Goldman upgraded Waddell & Reed based on solid fund performance, mutual fund flow data, operating leverage, and potential multiple expansion. Price target raised to $84 from $68.
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.