Franklin Resources looks like a probable target for activists, Barron's says Franklin Resources has over $8B in cash and does not return much of it to shareholders. The stock looks like a probable target for an activist investor, Barron's contends in a feature article. Reference Link
Franklin Resources downgraded at Bernstein As noted earlier, Bernstein downgraded Franklin Resources to Market Perform from Outperform. As reasons for the downgrade, the firm cited slowing fundamental momentum and lack of visibility and catalysts. Target to $60 from $65.