William Katz has been called one of the most influential analysts in the mutual fund industry by the MFWire.

Thus, when he let his opinions of a pair of high-profile issues be known this weekend, the press paid attention.

First, the Associated Press reported that Katz had removed his "buy" rating from Legg Mason, saying the announcement about Mark Fetting's departure made the company's stock surge but this could also die down soon. He replaced the "buy" with a "neutral."

Second, Barron's reports that Katz wrote to clients that he didn't think there would be an all-out fee ETF fee war. For more information, read the original Legg story here and the original ETF fees story here. 

Edited by: HFD


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