Keefe, Bruyette & Woods Downgrades Franklin Resources (BEN) to Market Perform; Continued Outflows
Tweet
Share
E-mailGet Alerts BEN Hot Sheet
Price: $33.86 --0%
Rating Summary:
5 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Keefe, Bruyette & Woods downgraded Franklin Resources (NYSE: BEN) to Market Perform, price target cut to $111.00.
KBW analyst says, "BEN reported Dec AUM of $670bn and we estimate that outflows may have been around -$8bn or so. We are lowering our EPS estimates and price target to reflect lower earnings and more conservative valuation."
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 $101.80 yesterday.
KBW analyst says, "BEN reported Dec AUM of $670bn and we estimate that outflows may have been around -$8bn or so. We are lowering our EPS estimates and price target to reflect lower earnings and more conservative valuation."
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 $101.80 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
- Reading (RDI) Tops Q2 EPS by 4c
Create E-mail Alert Related Categories
DowngradesRelated Entities
Keefe, Bruyette & Woods, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
