The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Goldman Tells You to 'Sell' This Fund Firm Not Rated 1.0 Email Routing List Email & Route  Print Print
Thursday, October 06, 2011

Goldman Tells You to 'Sell' This Fund Firm

News summary by MFWire's editors

Fundsters who follow Ivy Funds [see profile] and parent Waddell & Reed [see profile] may want to look at the latest updates from Goldman Sachs' analysts. StreetInsider.com reports that the investment bank just downgraded the Midwestern brokerage and mutual fund firm from neutral to sell and lowered its price target from $34 to $21. (Waddell's shares closed at $25.26 yesterday.)

Why did Goldman smite Waddell? According to StreetInsider.com, Goldman is particularly worried about troubles at Ivy's flagship $23.0-billion, three-star Asset Strategy Fund (WASCX), which is down 13.86 percent year-to-date. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use