BofA Merrill Upgrades CLMS, JNS; Downgrades BEN, LM
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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