Piper Jaffray’s Take On Brokerages

In a new report, Piper Jaffray initiated coverage on a long list of brokerage stocks. Here’s a breakdown of what analyst Jason Weyenth had to say.

Invesco Ltd. IVZ 0.05% – Overweight

Fundamentals are trending in the right direction, and the company is well-diversified and attractively valued.

Janus Capital Group Inc JNS 2.29% – Overweight

Improving performance will drive strong earnings growth over the next several years.

Legg Mason Inc LM 1.02% - Overweight

Strong global distribution trends, a well-positioned platform and a sizable tax asset-driven capital management business are three of the key positive attributes the company.

WisdomTree Investments, Inc. WETF 4.4% – Overweight

The stock remains reasonably valued, and it will continue to gain momentum from secular growth in the ETF space.

Apollo Global Management LLC APO 1.36% – Overweight

The company has…

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