Franklin Resources price target raised to $29 from $27 at Deutsche Bank

Deutsche Bank analyst Brian Bedell raised the firm’s price target on Franklin Resources to $29 from $27 and keeps a Hold rating on the shares following its "mixed" Q1 results. While Franklin continues to make their alternatives platform a key priority given the increasing demand for a widening range of alternative products, this alone is not a catalyst for the shares, the firm says. Deutsche Bank continues to see weakness in both equity and fixed income flows and expects pressure to continue through the first half of this year.