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BEN

Franklin Resources

$33.22

-0.83 (-2.44%)

06:53
04/09/18
04/09
06:53
04/09/18
06:53

Franklin Resources downgraded to Neutral on weak performance at BofA/Merrill

As previously reported, As previously reported, BofA/Merrill downgraded Franklin Resources to Neutral from Buy and cut its price target to $37 from $50. Analyst Michael Carrier believes Franklin's bottom half performance and continued outflows limits organic growth and multiple expansion. Carrier lowered estimates given weaker Q1 markets, increased outflow expectations, and more muted 2018 return expectations.

BEN Franklin Resources
$33.22

-0.83 (-2.44%)

07/24/17
WELS
07/24/17
DOWNGRADE
Target $50
WELS
Market Perform
Franklin Resources downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Christopher Harris downgraded Franklin Resources to Market Perform saying the "easy money" has already been made as the rate of flow improvement will slow. Further, the analyst believes the current valuation already reflects some of the potential tax reform catalyst. Harris keeps a $50 price target for the shares.
09/08/17
LEHM
09/08/17
INITIATION
Target $40
LEHM
Underweight
Franklin Resources initiated with an Underweight at Barclays
Barclays analyst Jeremy Campbell started Franklin Resources with an Underweight rating and $40 price target. The analyst initiated U.S. Brokers, Asset Managers & Exchanges with a Neutral industry view.
04/05/18
FBCO
04/05/18
NO CHANGE
Target $34
FBCO
Underperform
Franklin Resources price target lowered to $34 from $39.57 at Credit Suisse
Credit Suisse analyst Craig Siegenthaler lowered his price target for Franklin Resources to $34 from $57 on valuation. The analyst reiterates an Underperform rating on the shares.
04/09/18
BOFA
04/09/18
DOWNGRADE
BOFA
Neutral
Franklin Resources downgraded to Neutral from Buy at BofA/Merrill

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MRK

Merck

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BDORY

Banco do Brasil

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STT

State Street

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KORS

Michael Kors

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SYRS

Syros Pharmaceuticals

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AVEO

Aveo Oncology

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CIGI

Colliers International

$70.20

0.75 (1.08%)

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CNAT

Conatus

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KMB

Kimberly-Clark

$100.04

-3.3 (-3.19%)

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INFY

Infosys

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MLNX

Mellanox

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APVO

Aptevo Therapeutics

$4.33

0.01 (0.23%)

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IFRX

InflaRx

$38.78

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LUK

Leucadia

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CNK

Cinemark

$39.66

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CRAY

Cray

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SNX

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