A Credit Suisse
anaylst has upgraded Waddell & Reed
shares to outperform,
The Kansas City Star
reports. "Waddell & Reed — like many other growth-biased managers — has displayed strong performance in its flagship funds,” wrote Credit Suisse's Craig Siegenthaler
in his report. In particular, Siegenthaler cited the performance of the Asset Strategy, Global Natural Resources, Large Cap Growth, Accumulative and International Growth funds this year. Waddell & Reed shares ended Monday at $28.21, up 3.7 percent.
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