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BEN

Franklin Resources

$32.49

0.15 (0.46%)

16:31
07/10/18
07/10
16:31
07/10/18
16:31

Franklin Resources reports preliminary AUM $724.1B as of June 30

Compared to $732.8B at May 31, 2018. The decrease in assets under management was attributable to net market declines and modest net outflows. Preliminary average assets under management for the quarter ended June 30, 2018, were $731.7B.

  • 27

    Jul

BEN Franklin Resources
$32.49

0.15 (0.46%)

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

SELB

Selecta Biosciences

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VMC

Vulcan Materials

$100.85

1.56 (1.57%)

06:22
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    Nov

CNHI

CNH Industrial

$11.60

0.42 (3.76%)

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MLM

Martin Marietta

$171.75

3.19 (1.89%)

06:21
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UHS

Universal Health

$124.61

1.58 (1.28%)

06:19
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  • 26

    Oct

T

AT&T

$32.38

0.02 (0.06%)

, CHTR

Charter

$320.87

6.99 (2.23%)

06:19
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10/17
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Periodicals
New York AG expands probe into net neutrality comments, NY Times reports »

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T

AT&T

$32.38

0.02 (0.06%)

CHTR

Charter

$320.87

6.99 (2.23%)

CMCSA

Comcast

$35.96

0.88 (2.51%)

CMCSK

Comcast

$0.00

(0.00%)

VZ

Verizon

$53.68

0.08 (0.15%)

NFLX

Netflix

$346.40

13.29 (3.99%)

GOOG

Alphabet

$1,120.11

28.11 (2.57%)

GOOGL

Alphabet Class A

$1,133.71

32.13 (2.92%)

AMZN

Amazon.com

$1,818.00

57.01 (3.24%)

FB

Facebook

$158.81

5.25 (3.42%)

TWTR

Twitter

$29.86

1.25 (4.37%)

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  • 03

    Mar

CSTR

CapStar Financial

$15.18

-0.16 (-1.04%)

06:18
10/17/18
10/17
06:18
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06:18
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  • 25

    Oct

AMZN

Amazon.com

$1,818.00

57.01 (3.24%)

06:18
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10/17
06:18
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06:18
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Amazon.com analyst commentary  »

Amazon Q3 EPS view raised…

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  • 17

    Oct

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    Oct

WDAY

Workday

06:16
10/17/18
10/17
06:16
10/17/18
06:16
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Workday rating change  »

Workday upgraded to…

03/08/13
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ANET

Arista Networks

$233.63

12.62 (5.71%)

06:16
10/17/18
10/17
06:16
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06:16
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Arista Networks rating change  »

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  • 17

    Oct

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  • 01

    Nov

FB

Facebook

$158.81

5.25 (3.42%)

06:15
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10/17
06:15
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06:15
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Facebook: Data collected by Portal may be used in targeted ads, Recode reports »

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  • 28

    Oct

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  • 07

    Nov

CSX

CSX

$72.15

1.29 (1.82%)

06:13
10/17/18
10/17
06:13
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06:13
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CSX analyst commentary  »

CSX price target raised…

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BOOT

Boot Barn

$28.61

1.08 (3.92%)

06:12
10/17/18
10/17
06:12
10/17/18
06:12
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Boot Barn analyst commentary  »

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TSCO

Tractor Supply

$88.90

2.32 (2.68%)

06:09
10/17/18
10/17
06:09
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  • 25

    Oct

TRCH

Torchlight Energy Resources

$0.91

-0.0184 (-1.98%)

06:07
10/17/18
10/17
06:07
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06:07
Conference/Events
Torchlight Energy Resources management to meet with Roth Capital »

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  • 23

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RYTM

Rhythm Pharmaceuticals

$28.09

1.56 (5.88%)

06:06
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Conference/Events
Rhythm Pharmaceuticals management to meet with Needham »

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  • 23

    Oct

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TSLA

Tesla

$276.46

16.88 (6.50%)

06:06
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Periodicals
Tesla secures site in Shanghai for new Gigafactory, Reuters reports »

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  • 29

    Oct

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AKRX

Akorn

$6.71

0.445 (7.11%)

06:06
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10/17
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MAXR

Maxar Technologies

$30.39

0.98 (3.33%)

06:06
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Maxar Technologies subsidiary awarded up to $7M NASA contract »

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IMUC

ImmunoCellular

$0.05

-0.173 (-76.55%)

06:03
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06:03
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ImmunoCellular receives notice of noncompliance from NYSE, stock to be delisted »

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RSNAY

RSA Insurance

$0.00

(0.00%)

06:03
10/17/18
10/17
06:03
10/17/18
06:03
Conference/Events
RSA Insurance management to meet with RBC Capital »

Meeting to be held in New…

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  • 24

    Oct

MEI

Methode Electronics

$30.08

0.73 (2.49%)

06:03
10/17/18
10/17
06:03
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06:03
Conference/Events
Methode Electronics management to meet with B. Riley FBR »

Meeting to be held in New…

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  • 24

    Oct

CNCE

Concert Pharmaceuticals

$15.59

0.64 (4.28%)

06:01
10/17/18
10/17
06:01
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06:01
Conference/Events
Concert Pharmaceuticals management to meet with JMP Securities »

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  • 23

    Oct

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    Oct

LYFT

Lyft

$0.00

(0.00%)

, JPM

JPMorgan

$108.65

2.31 (2.17%)

06:00
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10/17
06:00
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06:00
Periodicals
Lyft picks JPMorgan to lead IPO, which could be valued at over $15B, CNBC says »

Lyft (LYFT) has hired…

LYFT

Lyft

$0.00

(0.00%)

JPM

JPMorgan

$108.65

2.31 (2.17%)

UBER

Uber

$0.00

(0.00%)

03/08/13
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  • 19

    Oct

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    Feb

ALB

Albemarle

$97.15

1.02 (1.06%)

06:00
10/17/18
10/17
06:00
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06:00
Conference/Events
Albemarle management to meet with UBS »

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  • 24

    Oct

  • 08

    Nov

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