Jefferies reported on Friday that it has raised its estimates on investment management company, Franklin Resources, Inc. (BEN).
The firm has increased its estimates on BEN through 2014 due to the company being leveraged to domestic equity market gains. Jefferies has a “Hold” rating on the company with a new price target of $155. This price target suggests a 4% increase from the stock’s current price of $149.23.
Franklin Resources shares were mostly flat during premarket trading Thursday. The stock has increased 20% in the past year.
The Bottom Line
Shares of Franklin Resources, Inc. (BEN) have a 0.78% yield, based on Thursday’s closing price of $149.23.
Franklin Resources, Inc. (BEN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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