Keefe, Bruyette & Woods Downgrades Franklin Resources (BEN) to Market Perform; Continued Outflows
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Price: $34.31 +1.00%
Rating Summary:
5 Buy, 16 Hold, 3 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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