Jefferies Raises Franklin Resources PT To $125 (BEN)

Jefferies raised its Franklin Resources BEN price target to $125 from $120 in a research report published today. In the report, Jefferies states, "BEN's top line growth is being driven by solid investment performance and continued fixed income flows. However, an economic environment more favorable to equities in 2011 will present a challenge to maintaining current growth rates. At ~15x our 2011 EPS estimate, we view the shares as fairly valued." Shares of Franklin Resources were trading at $124.04 at the time of posting, up 1.07% from Thursday's market close.