By: Benzinga
February 05, 2013 at 11:45 AM EST
UPDATE: BMO Capital Markets Downgrades Legg Mason to Underperform on Performance Lag
BMO Capital Markets downgraded Legg Mason (NYSE: LM ) from Market Perform to Underperform and maintained a $26.00 price target. BMO Capital Markets commented, "We believe Legg Mason is not as well positioned to participate in a potential rotation to equities relative to peers given its high weighting of 78%
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