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BEN

Franklin Resources

$36.38

0.46 (1.28%)

17:43
10/10/16
10/10
17:43
10/10/16
17:43

Franklin Resources reports preliminary AUM $733.3B as of September 30

Compared to $740.1 billion at August 31, 2016, and $770.9B at September 30, 2015.

BEN Franklin Resources
$36.38

0.46 (1.28%)

06/02/16
UBSW
06/02/16
DOWNGRADE
Target $28
UBSW
Sell
Franklin Resources downgraded to Sell from Neutral at UBS
UBS analyst Brennan Hawken downgraded Franklin Resources to Sell saying the company is the most exposed to the Department of Labor's fiduciary rule of the names he covers given its reliance on the broker sold channel coupled with weak investment performance. He cut his price target for the shares to $28 from $39.
06/02/16
UBSW
06/02/16
UPGRADE
UBSW
Buy
Envestnet upgraded to Buy from Neutral at UBS
UBS analyst Brennan Hawken upgraded Envestnet to Buy saying the company is one of the few beneficiaries of the Department of Labor's fiduciary rule. Hawken this morning also downgraded Franklin Resources (BEN) to Sell and Invesco (IVZ) to Neutral. He also lowered his estimates for BlackRock (BLK) and T. Rowe Price (TROW).
06/02/16
06/02/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) downgraded to Neutral from Buy at BofA/Merrill with analysts led by Doug Leggate saying Exxon's strong relative performance discount's long-term oil at around $73/bbl and said shares appear to be fairly valued. 2. Intuitive Surgical (ISRG) downgraded to Neutral from Buy at Goldman with analyst David Roman saying the risk/reward looks balanced at current share levels. Roman lowered his price target for the stock to $674 from $690. 3. DeVry (DV) downgraded to Neutral from Outperform at Credit Suisse with analyst Trace Urdan saying he no longer feels confident in his investment thesis following the resignation of CFO Tim Wiggins. 4. Franklin Resources (BEN) downgraded to Sell from Neutral at UBS with analyst Brennan Hawken arguing the company is the most exposed to the Department of Labor's fiduciary rule of the names he covers given its reliance on the broker sold channel coupled with weak investment performance. He cut his price target for the shares to $28 from $39. 5. Progressive (PGR) downgraded to Sell from Neutral at Citi with analyst James Naklicki saying consensus margin and earnings expectations are too optimistic. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/16/16
JEFF
06/16/16
NO CHANGE
Target $13
JEFF
Buy
WisdomTree takeover more likely amid negative growth, says Jefferies
Jefferies analyst Surinder Thind says WisdomTree's currency hedged flagship funds DXJ and HEDJ continue to "outflow at an elevated pace" as amid unfavorable global central bank policies. It is not possible to predict the level of assets under management these funds will bottom out at, Thind tells investors in a research note. He believes, however, that continued negative growth increases the likelihood of WisdomTree becoming an acquisition target. The analyst keeps a Buy rating on the shares with a $13 price target. He believes Franklin Resources (BEN) and T. Rowe Price (TROW) could have interest in the company.

TODAY'S FREE FLY STORIES

KBR

KBR

$14.05

-1.43 (-9.24%)

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SMMT

Summit Therapeutics

$11.00

-0.4 (-3.51%)

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Summit Therapeutics publishes results from CoDIFy trial online »

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TKPYY

Takeda Pharmaceutical Co. Ltd.

$24.83

0.85 (3.54%)

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FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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FDIC named receiver of First NBC Bank »

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SGBK

Stonegate Bank

$45.90

-0.52 (-1.12%)

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Earnings
Stonegate Bank reports Q1 non-GAAP EPS 56c, consensus 57c »

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PROV

Provident Financial

$19.23

-0.03 (-0.16%)

17:45
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Provident Financial announces extension of stock repurchase plan »

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  • 28

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YGE

Yingli Green Energy

$2.66

-0.03 (-1.12%)

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Yingli Green Energy files extension for 2016 Form 20-F filing »

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EPC

Edgewell Personal Care

$71.49

-0.14 (-0.20%)

17:40
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Breaking Hot Stocks news story on Edgewell Personal Care »

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  • 02

    May

ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:35
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Syndicate
Breaking Syndicate news story on Orchid Island Capital »

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  • 28

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AEP

American Electric

$67.83

-0.27 (-0.40%)

17:35
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AEP Generation Resources seeks bids for supply of coal »

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:34
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Syndicate
Breaking Syndicate news story on Orchid Island Capital »

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  • 28

    Apr

  • 13

    Jun

HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

, FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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Whitney to acquire branches, assets, liabilities of First NBC from FDIC »

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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

03/08/13
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  • 06

    Jun

TSLA

Tesla

$314.07

5.44 (1.76%)

17:31
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17:31
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Periodicals
Tesla aims to hire engineers from Mexico to work at CA plant, Reuters says »

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  • 03

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:22
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Lockheed Martin awarded $332.1M government contract »

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  • 31

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BA

Boeing

$184.83

1.61 (0.88%)

17:21
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Boeing awarded $541M government contract modification »

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  • 31

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WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

, RAD

Rite Aid

$4.00

0.05 (1.27%)

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Walgreens to push regulators over decision on Rite Aid deal, NY Post says »

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RAD

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GE

General Electric

$28.99

-0.09 (-0.31%)

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SIX

Six Flags

$62.61

-0.26 (-0.41%)

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Six Flags in agreement to repurchase 5M shares from HP Partners »

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

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  • 31

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SBBP

Strongbridge Biopharma

$4.50

0.05 (1.12%)

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  • 11

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CYH

Community Health

$8.61

0.18 (2.14%)

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  • 02

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MRUS

Merus

$22.20

-0.14 (-0.63%)

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  • 02

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AEZS

Aeterna Zentaris

$3.35

0.3 (9.84%)

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  • 09

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ANY

Sphere 3D

$0.19

-0.006 (-3.13%)

17:00
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Breaking Syndicate news story on Sphere 3D »

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  • 11

    May

MRUS

Merus

$22.20

-0.14 (-0.63%)

16:56
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