Franklin Resources downgraded to Neutral from Buy at Citigroup Citigroup downgraded Franklin Resources to Neutral citing limited upside given its expectations for low single digit organic growth potential. Citi lowered its price target for shares to $59 from $61.
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.