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2018-04-09 06:53:41 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

2018-04-09 06:53:41

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

09/08/17: LEHM

04/05/18: FBCO

04/09/18: BOFA

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Infosys Firm Sponsored Meetings

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Arthritis Advisory Committee Meeting Government Event

FDA White Oak Campus--10903 New Hampshire Ave--Great Room 1503, Silver Spring, MD
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Old National Bancorp - ONB Conference Calls
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Chicago Fed National Activity Index Level: March 2018 Government Event
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Chicago Fed National Activity Index 3 Month Moving Average: March 2018 Government Event
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Mon	No deals
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Mon	No deals
Tues	VLRX X VLRX Valeritas Secondary Managers: Oppenheimer & National Securities $2.53 8M Shares
Wed	CDAY X CDAY Ceridian HCM Holding IPO Managers: Goldman Sachs, JPMorgan, Credit Suisse & Deutsche Bank, Goldman Sachs, JPMorgan, Barclays, Citi, Jefferies, CIBC, Wells Fargo, Baird, Canaccord, Piper Jaffray, William Blair, MUFG $19.00-21.00 21M Shares TLC X TLC Taiwan Liposome Secondary Managers: Cantor Fitzgerald, CLSA, H.C. Wainwright, Janney Capital, Laidlaw $7.46 Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial
Thurs	DOCU X DOCU Docusign IPO Managers: Morgan Stanley & JPMorgan, Citi, BofA/Merrill, Deutsche Bank, JMP Securities, Piper Jaffray, William Blair $24.00-26.00 16.059M Shares GSHD X GSHD Goosehead Insurance IPO Managers: JPMorgan & BofA/Merrill, KWBI, William Blair $14.00-16.00 8.53M Shares SMAR X SMAR Smartsheet IPO Managers: Morgan Stanley, JPMorgan & Jefferies, RBC Capital, Canaccord, William Blair, SunTrust $10.00-12.00 11.633M Shares
Fri	No deals

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

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