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Fly News Breaks for June 2, 2016
BEN
Jun 2, 2016 | 06:02 EDT
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.
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