Friday, 13 July 2007

Waddell shares jump on buyout speculation

(Reuters) - Buckingham Research Group Inc. analyst William Katz confirmed to Reuters he had raised Waddell stock on Friday to a "strong buy" from "neutral" with a price target of $32. "I think the stock is undervalued," he said.




While Katz declined to discuss the contents of his report, an options strategist said the report had mentioned the possibility of the firm being targeted in a private equity buyout.


Read more at Reuters.com Hot Stocks News

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