UPDATE - UBS Starts Franklin Resources (BEN) at Neutral; Strong Franchise but Focus on Global Bond
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Price: $34.31 +1.00%
Rating Summary:
5 Buy, 16 Hold, 3 Sell
Rating Trend:
Up
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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UPDATE - UBS initiates coverage on Franklin Resources (NYSE: BEN) with a Neutral. PT $104.00.
UBS analyst said, "We view Franklin as a strong manager across both equities and fixed income markets, with particular strength internationally. At just 12x our CY12 EPS estimate the stock appears highly attractive. That said, recent performance issues in the company’s Global Bond offering will likely keep the shares at a discount valuation for the foreseeable future."
To see more ratings on BEN, Click Here
UBS analyst said, "We view Franklin as a strong manager across both equities and fixed income markets, with particular strength internationally. At just 12x our CY12 EPS estimate the stock appears highly attractive. That said, recent performance issues in the company’s Global Bond offering will likely keep the shares at a discount valuation for the foreseeable future."
To see more ratings on BEN, Click Here
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