BMO Capital Downgrades Legg Mason to "Underperform" (LM)

BMO Capital Downgrades Legg Mason to “Underperform” (LM)

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Investment management firm Legg Mason, Inc. (LM) was downgraded at BMO Capital on Tuesday, as the analysts say the company is not in a position to perform well with equities markets continuing to improve.

The analysts downgraded LM from “Market Perform” to “Underperform” and see shares reaching $26. This target suggests a slight downside to Monday’s closing price of $26.53.

Legg Mason shares were mostly flat during morning trading on Tuesday. The stock is down -3% over the trailing twelve months.

The Bottom Line
Shares of Legg Mason have a dividend yield of 1.66% based on Thursday’s intraday trading price of $26.52 and the company’s annualized dividend payout of 44 cents per share.

Legg Mason, Inc. (LM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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