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BEN

Franklin Resources

$32.48

-0.61 (-1.84%)

08:32
04/12/18
04/12
08:32
04/12/18
08:32

Franklin Resources announces 80M share repurchase program

Franklin Resources announced that its board has authorized the company to repurchase, from time to time, up to an additional 80M shares of its common stock in either open market or off-market transactions. The new board authorization is in addition to the existing authorization, of which approximately 15.9M shares remained available for repurchase at March 31, 2018.

  • 26

    Apr

BEN Franklin Resources
$32.48

-0.61 (-1.84%)

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
04/09/18
BOFA
04/09/18
DOWNGRADE
BOFA
Neutral
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.
04/09/18
04/09/18
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. Westlake Chemical (WLK) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation. 2. Mettler-Toledo (MTD) downgraded to Neutral from Buy at Goldman Sachs with analyst Patrick Donnelly saying he sees an attractive fundamental backdrop across Tools but is more cautious on the outlook for sales upside at Mettler given his view of a likely moderation of growth in China after a year of catch-up investment in the region. Donnelly also highlights "tough comps" in Labs and Product inspection. 3. Franklin Resources (BEN) downgraded to Neutral from Buy at BofA/Merrill with analyst Michael Carrier saying Franklin's bottom half performance and continued outflows limits organic growth and multiple expansion. 4. NewLink Genetics (NLNK) downgraded to Neutral from Overweight at Cantor Fitzgerald and Baird as well as to Hold from Buy at Jefferies. 5. Incyte (INCY) downgraded to Hold from Buy at Gabelli with analyst Jing He citing the "surprising" failure of the Phase 3 ECHO-301 study in melanoma. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

INVE

Identiv

$3.54

0.03 (0.85%)

16:05
04/20/18
04/20
16:05
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16:05
Syndicate
Breaking Syndicate news story on Identiv »

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  • 16

    May

AA

Alcoa

$59.78

-0.47 (-0.78%)

, AAL

American Airlines

$46.58

-0.3 (-0.64%)

16:02
04/20/18
04/20
16:02
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16:02
Periodicals
Breaking Periodicals news story on Alcoa, American Airlines, Alaska Air, Boeing, Delta Air Lines, General Electric, Southwest, United Continental, JetBlue »

FAA to prepare emergency…

AA

Alcoa

$59.78

-0.47 (-0.78%)

AAL

American Airlines

$46.58

-0.3 (-0.64%)

ALK

Alaska Air

$65.41

-0.14 (-0.21%)

BA

Boeing

$337.30

-3.25 (-0.95%)

DAL

Delta Air Lines

$55.33

0.27 (0.49%)

GE

General Electric

$14.65

0.655 (4.68%)

LUV

Southwest

$54.64

-0.14 (-0.26%)

UAL

United Continental

$71.73

1.485 (2.11%)

JBLU

JetBlue

$19.83

0.17 (0.86%)

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PSX

Phillips 66

$110.85

0.23 (0.21%)

15:55
04/20/18
04/20
15:55
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15:55
Options
Phillips 66 put volume heavy and directionally bearish »

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  • 27

    Apr

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ULTI

Ultimate Software

$244.01

-4.76 (-1.91%)

15:51
04/20/18
04/20
15:51
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15:51
Hot Stocks
Ultimate Software announces SMS Equipment to use its reporting product »

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  • 01

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C

Citi

$69.85

-0.43 (-0.61%)

, USB

U.S. Bancorp

$50.24

-0.45 (-0.89%)

15:49
04/20/18
04/20
15:49
04/20/18
15:49
Periodicals
Big U.S. banks race to launch mortgage apps as home lending slows, Reuters says »

Large U.S. banks are…

C

Citi

$69.85

-0.43 (-0.61%)

USB

U.S. Bancorp

$50.24

-0.45 (-0.89%)

JPM

JPMorgan

$111.07

-0.66 (-0.59%)

BAC

Bank of America

$30.19

-0.015 (-0.05%)

GS

Goldman Sachs

$251.52

-2.67 (-1.05%)

WFC

Wells Fargo

$52.49

0.94 (1.82%)

MS

Morgan Stanley

$54.11

-0.58 (-1.06%)

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    Oct

T

AT&T

$34.67

-0.15 (-0.43%)

, VZ

Verizon

$48.01

-0.43 (-0.89%)

15:46
04/20/18
04/20
15:46
04/20/18
15:46
Periodicals
U.S. investigating wireless collusion claim against AT&T, Verizon, NY Times says »

The U.S. Department of…

T

AT&T

$34.67

-0.15 (-0.43%)

VZ

Verizon

$48.01

-0.43 (-0.89%)

S

Sprint

$6.00

0.045 (0.76%)

TMUS

T-Mobile

$63.28

0.02 (0.03%)

03/08/13
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  • 24

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  • 09

    May

HPE

HP Enterprise

$17.23

-0.19 (-1.09%)

15:45
04/20/18
04/20
15:45
04/20/18
15:45
Options
Hewlett Packard Enterprise call volume above normal and directionally bullish »

Bullish option flow…

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  • 30

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T

AT&T

$34.64

-0.18 (-0.52%)

, VZ

Verizon

$47.99

-0.45 (-0.93%)

15:42
04/20/18
04/20
15:42
04/20/18
15:42
Periodicals
Breaking Periodicals news story on AT&T, Verizon, Sprint, T-Mobile »

U.S. investigating…

T

AT&T

$34.64

-0.18 (-0.52%)

VZ

Verizon

$47.99

-0.45 (-0.93%)

S

Sprint

$6.00

0.045 (0.76%)

TMUS

T-Mobile

$63.27

0.01 (0.02%)

03/08/13
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  • 24

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  • 09

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ALXN

Alexion

$106.59

-5.15 (-4.61%)

15:36
04/20/18
04/20
15:36
04/20/18
15:36
Hot Stocks
Alexion says no licence of Soliris was requested or granted in Brazil »

Recent media reports have…

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  • 26

    Apr

SYNT

Syntel

$28.04

0.19 (0.68%)

15:35
04/20/18
04/20
15:35
04/20/18
15:35
Recommendations
Syntel analyst commentary  »

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  • 22

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TRUP

Trupanion

$27.51

-1.42 (-4.91%)

15:35
04/20/18
04/20
15:35
04/20/18
15:35
Periodicals
Trupanion cost saving sharing may violate state laws, Capitol Forum says »

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  • 01

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BURL

Burlington Stores

$132.82

-3.36 (-2.47%)

15:30
04/20/18
04/20
15:30
04/20/18
15:30
Options
Bullish option play in Burlington Stores as shares slump »

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VIA

Viacom

$35.35

-0.25 (-0.70%)

, FOXA

21st Century Fox

$36.69

-0.51 (-1.37%)

15:29
04/20/18
04/20
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15:29
Hot Stocks
Box Office Battle: 'A Quiet Place' expected to creep back into top spot »

Expected to return to the…

VIA

Viacom

$35.35

-0.25 (-0.70%)

FOXA

21st Century Fox

$36.69

-0.51 (-1.37%)

LGF.B

Lionsgate

$23.89

-0.55 (-2.25%)

VIAB

Viacom

$30.77

0.02 (0.07%)

CMCSA

Comcast

$33.14

-0.35 (-1.05%)

CMCSK

Comcast

LGF.A

Lionsgate

$25.72

-0.48 (-1.83%)

TWX

Time Warner

$95.98

-0.59 (-0.61%)

DIS

Disney

$100.01

-0.87 (-0.86%)

SNE

Sony

$49.70

-0.03 (-0.06%)

FOX

21st Century Fox

$36.12

-0.55 (-1.50%)

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  • 24

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ALXN

Alexion

$106.37

-5.37 (-4.81%)

15:28
04/20/18
04/20
15:28
04/20/18
15:28
Recommendations
Alexion analyst commentary  »

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  • 26

    Apr

ANF

Abercrombie & Fitch

$26.36

-1.08 (-3.94%)

15:25
04/20/18
04/20
15:25
04/20/18
15:25
Options
Abercrombie & Fitch call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

    Apr

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MEOH

Methanex

$66.80

-0.65 (-0.96%)

15:25
04/20/18
04/20
15:25
04/20/18
15:25
Hot Stocks
Breaking Hot Stocks news story on Methanex »

M&G Investment…

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XLK

Technology Select Sector SPDR

$66.01

-1.14 (-1.70%)

, XLP

Consumer Staples Sector SPDR

$50.43

-0.91 (-1.77%)

15:21
04/20/18
04/20
15:21
04/20/18
15:21
Technical Analysis
Technical Take: SPDR S&P 500 ETF falls to session lows heading to the close »

The SPDR S&P 500 ETF…

XLK

Technology Select Sector SPDR

$66.01

-1.14 (-1.70%)

XLP

Consumer Staples Sector SPDR

$50.43

-0.91 (-1.77%)

SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

$265.88

-2.96 (-1.10%)

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$NSD

NASDAQ Market Internals

15:17
04/20/18
04/20
15:17
04/20/18
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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OPBK

OP Bancorp

15:16
04/20/18
04/20
15:16
04/20/18
15:16
Hot Stocks
Breaking Hot Stocks news story on OP Bancorp  »

SCW Capital reports 5.5%…

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$NYE

NYSE Market Internals

15:16
04/20/18
04/20
15:16
04/20/18
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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ERIC

Ericsson

$7.80

1.16 (17.47%)

15:10
04/20/18
04/20
15:10
04/20/18
15:10
Options
Bullish option play in Ericsson as shares surge to 52-week highs »

Bullish option play in…

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VALU

Value Line

$21.99

0.46 (2.14%)

15:08
04/20/18
04/20
15:08
04/20/18
15:08
Hot Stocks
Value Line raises quarterly dividend 5.56% to 19c per common share »

Value Line announced that…

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LAWS

Lawson Products

$24.60

-0.75 (-2.96%)

15:03
04/20/18
04/20
15:03
04/20/18
15:03
Recommendations
Lawson Products analyst commentary  »

Barrington still positive…

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  • 10

    May

SMH

Market Vectors Semiconductor

$98.95

-1.21 (-1.21%)

15:00
04/20/18
04/20
15:00
04/20/18
15:00
Options
VanEck Vectors Semi options volume is 3X daily average as shares extend losses »

VanEck Vectors Semi…

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15:00
04/20/18
04/20
15:00
04/20/18
15:00
General news
Fed's Kashkari is surprised the 10-year rate hasn't risen more »

Fed's Kashkari is…

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