Market Overview

Morgan Stanley Estimates Strong February Outflow for Franklin Resources

Related BEN
Morgan Stanley Sees Slight Outflows Continue In August For Franklin Resources, Inc.
Earnings Scheduled For July 28, 2014

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

Sep 2014Deutsche BankMaintainsHold
Jul 2014CitigroupDowngradesBuyNeutral
Jul 2014Deutsche BankMaintainsHold

View More Analyst Ratings for BEN
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Posted-In: Matthew Kelley Morgan StanleyAnalyst Color Reiteration Analyst Ratings


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