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Fly News Breaks for January 30, 2020
BEN
Jan 30, 2020 | 20:53 EDT
Keefe Bruyette analyst Robert Lee upgraded Franklin Resources to Market Perform from Underperform with a price target of $28, up from $25. The company's operating earnings were slightly higher than forecast as lower revenues were more than offset by lower expenses, Lee tells investors in a research note. Further, he believes says Franklin Resources' outflows of $23B in the quarter were largely as expected.
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