Barclays Maintains an 'Overweight' on Franklin Resources (BEN); November AUM Implies Monthly Outflows

Barclays maintains an 'Overweight' on Franklin Resources (NYSE: BEN) price target of $135.00.

Barclays analyst says, "BEN posted November AUM of $676bn. We calculate the sequential decline of $18bn from $694bn posted in the prior month includes roughly $1bn of outflows, mostly driven by the global bond category. Overall, AUM for the quarter is tracking behind our $709bn December forecast, mainly due to higher losses in terms of global equities and global bonds, as well as negative global bond flows."

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 $96.48 yesterday.

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