Legg Mason Opens 2.7 Percent Lower on Back of Goldman Downgrade
June 12, 2013 at 14:01 PM EDT
Legg Mason (NYSE: LM ) opened at $32.42 Wednesday, 2.7 percent lower than Tuesday's close of $33.34. The lower open may be riding on an earlier downgrade from Goldman Sachs from Neutral to Sell. Goldman analysts cited slipping relative performance in fixed income and a less attractive product set as reasons
