Barclays Feels Franklin Resources (BEN) Deserves a Premium; Increase in June AUM

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Barclays maintains an 'Overweight' on Franklin Resources (NYSE: BEN) price target of $139.00.

Analyst, Roger A. Freeman, doesn't expect any meaningful move after BEN reported a 3% sequential increase in assets under management (AUM) (but down 3% for the quarter). Freeman said the overall report was basically in-line with views, but positive inflows in this environment is a plus and should continue to justify the reason why BEN trades at a premium to peers.

For an analyst ratings summary and ratings history on Franklin Resources click here. For more ratings news on Franklin Resources click here.

Shares of Franklin Resources closed at $109.65 yesterday, with a 52 week range of $87.71-$135.54.

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