Franklin Resources underestimated by Street, says Wells Fargo Wells Fargo believes that the Street is underestimating Franklin Resources' leverage to the global economy and equities. The firm expects the stock's multiple to expand over the next year and it maintains an Outperform rating on the stock.
News For BEN From The Last 14 Days
Check below for free stories on BEN the last two weeks.
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.
Franklin Resources added to Select List at Stifel Stifel added Franklin Resources to its Select List after the company's April AUM came in above expectations. The firm thinks the company's positive flow trend is sustainable and it raised its estimates for the company while keeping a Buy rating on the shares.