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Morgan Stanley Sees Global Bond Flows Turn Positive 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 Thursday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $63.00 price target on Franklin Resources (NYSE: BEN).

In the report, Morgan Stanley noted, “We estimate +$1.3B long-term net inflows for BEN in June, bringing our full quarter estimate to roughly flat flows. Inflows driven by Global Bond flows as investors dip toes back into EM credit. Raising CY2015e EPS by 1c (to $4.25), while our June qtr & CY2014e EPS estimates remain unchanged.”

Franklin Resources closed on Wednesday at $57.54.

Latest Ratings for BEN

DateFirmActionFromTo
Oct 2014Bank of AmericaMaintainsBuy
Oct 2014Deutsche BankMaintainsHold
Oct 2014Keefe Bruyette & WoodsMaintainsMarket Perform

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Posted-In: Betsy L. Graseck Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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