franklin resources

Citi increased its price target for Franklin Resources (NYSE: BEN) from $160 to $163 in a research report published today. In the report, Citi also upgraded its earnings per share estimate for 2011 and 2012. This year, Citi's earnings per share estimate was increased by $0.06 to $9.59. In 2012,...

Jefferies & Company has raised the price target on Franklin Resources (NYSE: BEN) from $125 to $130 and maintains its Hold rating.

Citigroup has raised the price target on Franklin Resources (NYSE: BEN) from $160 to $163 and maintains its Buy rating.

J.P. Morgan is out with its report today on Franklin Resources (NYSE: BEN), raising its PT from $133 to $134. In a note to clients, J.P. Morgan writes, "Franklin Resources released its month-end AUM for March 2011, and the numbers were good. AUM increased 1.4%, from $693.7 bn in February 2011 to $...

Jefferies is out with its report today on Franklin Resources (NYSE: BEN), maintaining Hold. In a note to clients, Jefferies writes, "The Global Bond Fund is BEN's primary source of inflows, accounting for over half of all inflows in 2010. BEN's lack of sales diversity within its fund family has...

Ticonderoga has downgraded Franklin Resources (NYSE: BEN) from Buy to Neutral.

Franklin Resources, Inc. (NYSE: BEN) reported Jan 31st total AUM of $681.0B, up $10.3B or 1.5% from Dec 31, Jefferies reports. “We had estimated AUM of $682.0B. Equity assets increased by 1.6% to $300.8B, hybrid by 2.5% to $108.8B, and fixed income by 0.8% to $264.0B. This compares to total returns...

Jefferies & Company has raised the price target on Franklin Resources (NYSE: BEN) from $120 to $125 and maintains its Hold rating.

Franklin Resources (NYSE: BEN) will report its earnings during the week of January 24, Jefferies reports. “Our F1Q11 EPS estimate is $1.94 an increase from our prior $1.78 estimate,” Jefferies writes in a report that includes a PT increase to $120 from $110. “We expect total revenues to come in at...

Jefferies & Company has raised the price target on Franklin Resources (NYSE: BEN) from $110 to $120 and maintains its Hold rating.

J.P. Morgan has announced that it has downgraded shares of Franklin Resources, Inc. (NYSE: BEN) from Overweight to Neutral. J.P. Morgan has also dropped its PT from $134 to $117.

Sterne Agee reports that Franklin Resources, Inc.'s (NYSE: BEN) AUM is tracking inline with its model. “While AUM declined in November, with solid equity markets through the early part of December, results are still tracking well versus the assumptions embedded in our model,” Sterne Agee writes. “...

Citi published its report on Franklin Resources (NYSE: BEN)updating its EPS estimates. In a note to clients, Citi writes, "We lower our F2011-13 estimates to $8.12/$9.38/$10.77 from $8.36/$9.71/$11.03 reflecting lower NAVs + FX. F1Q11 (Dec) EPS is reduced $0.04 to $1.93 on lower flow assumptions (...

Jefferies is out with its report on Franklin Resources (NYSE: BEN) after BEN reported relatively weak equity flows. In a note to clients, BEN writes, "BEN reported Nov 30 total AUM of $642.3bn, down $22.0bn or 3.3% from Oct 31 levels. The $22.0bn includes the previously announced redemption of...

Jefferies & Co. has published a research report on Franklin Resources (NYSE: BEN) as reports of fixed income continue to carry the weight on the company. In the report, Jefferies writes "We estimate the primary beneficiary of net inflows was once again the fixed income segment, capturing approx...