|Bid||38.3300 x 600|
|Ask||38.3400 x 200|
|Day's Range||37.9300 - 39.4800|
|52 Week Range||27.6200 - 40.8200|
|PE Ratio (TTM)||17.46|
|Dividend & Yield||0.94 (2.35%)|
|1y Target Est||N/A|
Newly minted Nestlé Chief Executive Mark Schneider is facing the first big challenge of his short career in packaged foods.
Legg Mason (LM) shares have gained more than 30% so far this year, hitting a fresh 52-week high of $40.82 on Monday. The asset manager's stock still has room to run, says Credit Suisse analyst Craig Siegenthaler. While Siegenthaler is more positive on illiquid alts firms such as Blackstone (BX) and Ares (ARES) and ETF powerhouses such as BlackRock (BLK) and WisdomTree Investments (WETF), he thinks Legg Mason's stock still offers "better than average organic growth." In a note published this morning, he explained: As the industry continues to consolidate (retail distributors shrinking platform partners, institutional clients looking for one-stop-shop with active/passive solutions), we believe the best positioned managers are the ones that offer a wide breadth of products in various wrappers/vehicles.
Investors in Asia were tied with their peers in Europe for having the lowest proportion of optimistic investors, a survey found.