News Breaks |
|
|
| January 8, 2013 |
| 09:12 EDT |  | BEN | Franklin Resources' Templeton to fully divest TSEMF II
Templeton Emerging Markets Group announced the exit from all investments held in the Templeton Strategic Emerging Markets Fund II, or TSEMF II. TSEMF II was established in 2005 and is led by Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group. The $132.5M TSEMF II generated a net internal rate of return, or IRR, of 34.3%, and a net multiple of cost, or MoC, of 2.1 times. All 12 investments were fully exited in less than 7.5 years since the Fund's initial close. The Fund made strategic private equity investments in listed and unlisted companies across a variety of sectors throughout global emerging markets such as China, India, Russia, South Korea and Central Eastern Europe. The Fund's investment strategy was focused on growth stage investments that involved adding new capital to companies in healthcare, consumer and light infrastructure. |
|
|
News For BEN From The Last 14 Days Check below for free stories on BEN the last two weeks. |
|
|
| May 21, 2013 |
| 10:00 EDT |  | BEN | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. |
|
| 06:01 EDT | | BEN | Franklin Resources downgraded to Neutral from Outperform at Macquarie
 Subscribe for More Information |
|
| May 13, 2013 |
| 10:09 EDT |  | BEN | On The Fly: Analyst Upgrade Summary
Subscribe for More Information |
|
| 06:44 EDT | | BEN | Franklin Resources upgraded to Buy from Neutral at UBS
UBS assumed coverage on Franklin Resources with a Buy rating from a Neutral rating. The analyst is positive on Franklin's diversified AUM base, global offerings, and equity franchise. Price target raised to $185 from $158. |
|
| 05:44 EDT | | BEN | Franklin Resources upgraded to Buy from Neutral at Citigroup
Subscribe for More Information |
|
|
|
|
|
