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

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

Rating:Katz Frowns On These Two Jefferies Favorites Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 29, 2016

Katz Frowns On These Two Jefferies Favorites

News summary by MFWire's editors

Bill Katz is taking on a pair of Jefferies analysts, or at least frowning on two publicly-traded asset managers that those analysts favor.

Katz, a Citigroup analyst covering asset managers, has downgraded Invesco [profile] to a "neutral" recommendation (from "buy"), Chris Dieterich of Barron's reports. And last week Katz reportedly "threw cold water" on speculation that WisdomTree [profile] is a good acquisition target for other asset managers.

Meanwhile, Jefferies' Surinder Thind recently argued that WisdomTree's share price dip makes it a more attractive acquisition target for other shops, including Franklin Templeton and T. Rowe Price. And last week Thind's colleague, Daniel Fannon, highlighted Invesco as checking "the box with all of these buzz words."

This isn't the first time this year that Katz has written about his concerns about WisdomTree. And on the Invesco side, Fannon's comments came before the United Kingdom's Brexit quote last Thursday, while Katz's came after that vote. One of Katz's Invesco worries is that "investors likely contemplate knock on impacts from "Brexit" with no quick answers," and Invesco's shares have already taken a big hit since the vote. 

Edited by: Neil Anderson, Managing Editor


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use