MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, September 4, 2008 Legg is Cut by a Swiss Knife Legg Mason was dealt a blow by Credit Suisse on Thursday morning. 24/7 Wall Street reports that Legg was downgraded by Credit Suisse from "neutral" to "underperform." The Swiss company said it made the downgrade because it believes that Batimore-based Legg Mason will miss earnings expectations for multiple quarters, see many redemptions and see client defections during end-of-year reviews. Legg's shares were down almost 10 percent in afternoon trading. Printed from: MFWire.com/story.asp?s=19227 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |