Market Overview

Morgan Stanley Estimates Strong February Outflow for Franklin Resources

Related BEN
5 U.S. Financial Stocks That Should Do Well Even Without The Fed
The Funniest Stock Tickers On The Market
Templeton Dragon Fund, Inc. ("TDF") Announces Distribution (GuruFocus)

In a report published Tuesday, Morgan Stanley analyst Matthew Kelley reiterated an Equal-Weight rating and $60.00 price target on Franklin Resources (NYSE: BEN).

In the report, Morgan Stanley noted, “We estimate ~$4B of net long-term outflows for BEN in February, and -$7B quarter-to-date. While fixed income outflows improved slightly m/m, we note that third-party data suggests outflows from Templeton Global Bond and Global Total Return SICAVs accelerated.”

Franklin Resources closed on Monday at $53.20.

Latest Ratings for BEN

Aug 2015BarclaysMaintainsEqual-weight
Aug 2015JefferiesMaintainsHold
Jul 2015CitigroupMaintainsNeutral

View More Analyst Ratings for BEN
View the Latest Analyst Ratings

Posted-In: Matthew Kelley Morgan StanleyAnalyst Color Reiteration Analyst Ratings


Related Articles (BEN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters