Deutsche Bank Maintains Hold Rating On BEN

Deutsche Bank has issued a report reiterating the Hold Rating on Franklin Resources BEN. According to the report, “We continue to view BEN as well positioned over the long term given its diversified products/distribution, good long term investment performance, and strong balance sheet, but given the concentration of fixed income flows & some areas of weaker short term investment performance, we maintain our Hold rating.” BEN has an $140 Price Target and closed at $124 a share yesterday.