Franklin Resources upgraded to Buy from Neutral at Goldman Goldman Sachs upgraded Franklin Resources to Buy citing the recent underperformance of shares and better flow trends. The firm raised its price target for the stock to $63 from $53.
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.