BofA Merrill Upgrades CLMS, JNS; Downgrades BEN, LM

September 25, 2009 8:24 AM EDT

Bank of America Merrill Lynch made some changes in the Investment Services sector this morning:

  • Calamos Asset Management (Nasdaq: CLMS) from Underperform to Buy, $14 price target.
  • Janus Capital Group (NYSE: JNS) from Neutral to Buy, price target moves from $13 to $16.
  • Franklin Resources (NYSE: BEN) from Buy to Neutral, price target moves from $92 to $108.
  • Legg Mason (NYSE: LM) from Neutral to Underperform, $28 price target.


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Stocks Mentioned

BEN 108.97

-3.49 -3.10%
Volume: 762,733
Track BEN

CLMS 10.46

-0.53 -4.82%
Volume: 66,171
Track CLMS

JNS 12.70

-0.57 -4.30%
Volume: 1,197,632
Track JNS

LM 28.10

-1.05 -3.60%
Volume: 935,420
Track LM


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