TD Cowen lowered the firm’s price target on Franklin Resources to $30 from $31 and keeps a Market Perform rating on the shares. The firm lowered their adjusted EPS as revisions reflect Q line item true-ups, revised guidance, quarter-to-date market action, slightly lower fee rate and slower repurchase.
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Read More on BEN:
- Franklin Resources Publishes Q1 Earnings Commentary Online
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- Franklin Resources price target raised to $24 from $22 at Morgan Stanley
- Franklin Resources reports preliminary AUM of $1.46T at December 31
