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Citi Maintains Buy on Franklin Resources
Tuesday, July 12, 2011 - 8:29am | 126Citi is out with its report today on Franklin Resources (NYSE: BEN), maintaining Buy. In a note to clients, Citi writes, "We rate BEN shares Buy/Low Risk (1L). In our opinion, BEN is an inexpensive a global asset manager with a strong balance sheet. Despite putting up best in class AUM growth and...
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Jefferies Reports Strong Month For Global Fixed Income On Franklin Resouces
Tuesday, July 12, 2011 - 8:24am | 89According to Jefferies, Franklin Resources (NYSE: BEN) saw another strong month for global fixed income. Jefferies said that BEN reported June 30th total assets of $734.2B, down 0.2% m/m and in line with its $734B estimate. “We estimate total net flows out of equities (both domestic and...
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J.P. Morgan Discusses Trust Banks
Tuesday, July 12, 2011 - 7:52am | 286J.P. Morgan Chase & Co. is out with a research report on trust banks, including The Bank of New York Mellon Corporation (NYSE: BK). It has an Overweight rating and a $38 price target. In a note to clients, J.P. Morgan Chase & Co. writes, "We expect 2Q results at the trust banks to be...
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Goldman Sachs Reiterates Neutral on Franklin Resources, Raises PT to $143
Tuesday, July 12, 2011 - 7:33am | 48Goldman Sachs reiterated its Neutral rating on Franklin Resources (NYSE: BEN). At the same time, the rating agency raised its price target on the company's stock from $142 to $143. On Monday, BEN lost 3.88% of its value to end the day at $131.76.
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Goldman Sachs Raises PT On BEN To $143
Tuesday, July 12, 2011 - 6:43am | 27Goldman Sachs has raised the price target on Franklin Resources (NYSE: BEN) from $142 to $143 and maintains its Neutral rating.
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Franklin Resources Announces Month-End Assets Under Management of $734.2B
Monday, July 11, 2011 - 4:30pm | 37Franklin Resources, Inc. (NYSE: BEN) today reported preliminary month-end assets under management by the company's subsidiaries of $734.2 billion at June 30, 2011, compared to $735.8 billion at May 31, 2011, and $570.5 billion at June 30, 2010.
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BlackRock Crosses Below 200-Day Moving Average at $187.50 per Share
Monday, July 11, 2011 - 1:26pm | 83The moving averages track the previous price action in a stock. In this case, the 200-day moving average compiles the average share price of the last 200 trading days. Perspective: Price above the average is perceived as positive while price below the average is negative. Currently, BlackRock (...
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W. P. Carey Announces Build to Suit Financing in Martinsville, VA and Acquisition of Restaurant Site in Downtown Chicago
Monday, July 11, 2011 - 8:33am | 144Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that CPA®:17 - Global, one of its publicly held non-traded REIT affiliates, has agreed to provide build to suit financing for an operations center and office facility in Martinsville, Virginia. The financing will total...
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Prospect Capital Announces Increase of $50M to Revolving Credit Facility Commitments
Monday, July 11, 2011 - 7:02am | 35Prospect Capital Corporation (NASDAQ: PSEC) today announced that Prospect has increased total commitments to its three-year $400 million revolving credit facility by $50 million to $375 million in the aggregate.
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Benzinga's After Hours Gainers
Friday, July 8, 2011 - 6:18pm | 130Despite the fact that it is a Friday, there are a number of names that are moving higher in late trade on decent volume. Among them are Titan International (NYSE: TWI), Janus Capital (NYSE: JNS), Life Partners Holdings (NASDAQ: LPHI), Legg Mason (NYSE: LM), Knight Capital Group (NYSE: KCG) and...
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Goldman Sachs Comments On Fortress Price Target
Friday, July 8, 2011 - 9:31am | 76According to Goldman Sachs, Fortress Investment Group (NYSE: FIG) reported its estimated June performance figures for Liquid strategies and May numbers for Credit hedge funds. Goldman Sachs said that the firm's Liquid performance deteriorated in June, with Global Macro now down 3.6% on the year. “...
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Jefferies' PT Changes 7/8
Friday, July 8, 2011 - 8:51am | 129Jefferies & Company has changed price targets on the following companies: Cigna (NYSE: CI) Buy, from $62 to $64 Edison International (NYSE: EIX) Buy, from $44.50 to $44 Franklin Resources (NYSE: BEN) Hold, from $130 to $135 GrafTech International (NYSE: GTI) Buy, from $30 to $28 Metals USA...
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Jefferies Positive On Invesco
Friday, July 8, 2011 - 7:44am | 200Jefferies & Co. is out with a research report on investment managers, and Invesco Ltd. (NYSE: IVZ) in particular. It has a Buy rating and a $29 price target on shares. In a note to clients, Jefferies & Co. writes, "We believe both IVZ and TROW should post improving fund flow trends q/q....
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Hottest and Coldest Sectors for Thursday 7/7/2011
Thursday, July 7, 2011 - 7:35pm | 1705The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...
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Retail is Focus Today 07-06-2011
Wednesday, July 6, 2011 - 5:16pm | 859Cusick's Corner The market is trading off the lows of the day and Retail, XRT, has been the focus today in front of a plethora of data and earnings which may be potentially volatile because the strength of the consumer has been under pressure due to energy price fluctuations and lackluster...