JP Morgan Upgrades Franklin Resources (BEN) and T.Rowe (TROW), Downgrades FII, EV
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- JMP Starts Investment Service Stocks: BLK, FII at Outperform, LM, BEN, JNS, TROW at Market Perform
More News related to EV
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More News related to FII
- JMP Starts Investment Service Stocks: BLK, FII at Outperform, LM, BEN, JNS, TROW at Market Perform
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- Federated Investors' Closed-End Municipal Funds Declare Monthly Dividends
- Federated Investors (FII) Reports Q3 EPS of $0.56, Beats by 4c
- Federated Investors, Inc. Reports Third Quarter 2009 Earnings
More News related to Upgrades
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- Raymond James Upgrades Newpark Resources (NR) to Outperform
- Raymond James Upgrades Culp (CFI) to Strong Buy
- Satyam (SAY) Jumps 5% as JPMorgan Issues Intraday Upgrade
- Credit Suisse Upgrades MDC Holdings (MDC) to Neutral, $29 Target
JP Morgan upgrades Franklin Resources (NYSE: BEN) from Underweight to Overweight and raised their price target from $75 to $94, citing improved performance and sales and benefits from a weaker dollar.
JP Morgan also upgraded T.Rowe Price (Nasdaq: TROW) (tgt to $47.50 from $43.50).
The firm downgraded Federated Investors, Inc. (NYSE: FII) (tgt lowered to $24 to $26.50) and Eaton Vance Corp. (NYSE: EV) (tgt lowered to $30 to $32.50) from Neutral to Underweight.
The firm said they prefers equity managers over fixed income managers.
The firm also maintained Neutral ratings on Janus Capital Group Inc. (NYSE: JNS) (tgt to $15.50 from $12) and Pzena Investment Management, Inc (NYSE: PZN) (tgt to $8.50 from $8) and an Overweight rating on Invesco Ltd. (NYSE: IVZ) (tgt to $28 from $22).
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