Market Overview

Morgan Stanley Estimates Strong February Outflow for Franklin Resources

Related BEN
Earnings Scheduled For October 27, 2014
Morgan Stanley Sees Slight Outflows Continue In August For Franklin Resources, Inc.

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

DateFirmActionFromTo
Dec 2014Deutsche BankMaintainsHold
Dec 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Dec 2014BarclaysInitiates Coverage onEqual-weight

View More Analyst Ratings for BEN
View the Latest Analyst Ratings

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

 

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