Morgan Stanley Sees Slight Outflows Continue In August For Franklin Resources, Inc.

In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $61.00 price target on

. In the report, Morgan Stanley noted, “We estimate -$0.4B long-term net outflows for BEN in August, bringing our QTD estimate to -$1.1B & significantly lagging our original full-qtr est for +$3.9B inflows. We est improved equity outflows m/m were met with flattish flows from fixed income on weaker demand for global/int'l bonds in August.” Franklin Resources closed on Tuesday at $55.82.