The SEC’s proposed revision of mutual fund fees has yet to be finalized, but analysts are already analyzing on how reform may affect some fund companies. Case in point: Ticonderoga Securities LLC analysts Warren Gardiner and Douglas Sipkin dropped their price target for Legg Mason Inc., a firm that’s in the throes of a turnaround effort.
Will the SEC’s 12(b)-1 plan smack Legg Mason?
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