Jefferies is out with its report today on Franklin Resources BEN, raising its PT from $125 to $130.
In a note to clients, Jefferies writes, "Our $130 price target, is based upon a 14.5x multiple of our CY2011 estimate. BEN is currently trading at 14.3x our CY2011 estimates, essentially in line with peer group averages."
Jefferies maintains Hold on BEN.
Shares of BEN closed Thursday at $127.33, up 1.16% from Wednesday's close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsAsset Management & Custody BanksFinancialsfranklin resourcesJefferies
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