Jefferies Has Hold On Franklin Resources

Jefferies & Co. has a Hold rating and a $130 price target on shares of Franklin Resources BEN. In a note to investors, Jefferies writes, "Yesterday BEN reported May 31 total assets of $735.8B, up 0.4% m/m and slightly above our $734B estimate. Long-term net flows were positive, with global fixed income once again accounting for the majority of net inflows. Outside of global bonds, flows into all other asset classes were either flat or slightly negative." Shares of BEN lost 18 cents yesterday to close at $122.29, a loss of 0.15%.