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Price Target Raised On BEN
Tuesday, October 12, 2010 - 10:40am | 26Ticonderoga has raised the price target on Franklin Resources (NYSE: BEN) from $120 to $135 and reiterates its Buy rating.
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Jefferies Reiterates Hold Rating on Franklin Resources (BEN)
Tuesday, October 12, 2010 - 10:02am | 160Jefferies & Company is out with a research report this morning, where it reiterates its Hold rating on shares of Franklin Resources (NYSE: BEN); it has a price target on the stock of $110.00, The Jefferies analysts noted that BEN's top line growth continues to be driven by solid investment...
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Jefferies Raises Price Target on Affiliated Managers (AMG)
Tuesday, October 12, 2010 - 9:55am | 127Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on shares of Affiliated Managers Group (NYSE: AMG); it also increased its price target on the stock to $96.00, from $90.00. The Jefferies analysts noted that fund flow trends continue to improve...
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Sterne Agee Raises Estimates For Franklin Resources
Tuesday, October 12, 2010 - 9:51am | 144Franklin Resources (NYSE: BEN) announced quarter-end assets under management of $645 billion, up 7.4% for the month and 13% for the quarter. This compares favorably to a previous estimate of $634 billion for the quarter. Based on the monthly releases Sterne estimates average AUM for the quarter...
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Jefferies Raises Price Target on Invesco Ltd. (IVZ)
Tuesday, October 12, 2010 - 9:45am | 115Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on shares of Invesco Ltd. (NYSE: IVZ); it also increased its price target on the stock to $27.00, from $25.00. The Jefferies analysts said that core business trends are stable-to-improving and...
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GLG Announces Extension of Tender Offer
Tuesday, October 12, 2010 - 9:27am | 145GLG Partners, Inc. (NYSE: GLG) today announced that it is extending its previously announced tender offer for any or all of its 54,484,677 outstanding warrants, including public warrants (NYSE: GLGWS), for a purchase price of $0.129 per warrant, in cash, without interest, until 3:45 a.m. E.D.T. on...
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Trading and Banking Trends Mixed in October, Deutsche Bank Reports
Tuesday, October 12, 2010 - 9:26am | 229In this week's Capital Markets Compass, Deutsche Bank reports that thus far the overall banking trends in October have been mixed. And that's just the beginning of the less-than-stellar news. “Trading has also been mixed thus far in October with a pickup in U.S. options, Euro Cash, and U.S. cash...
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Invesco Ltd. Announces September 30 Assets Under Management of $604.5B
Monday, October 11, 2010 - 4:16pm | 118Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management of $604.5 billion, an increase of 5.4% month over month. The month over month increase in AUM was driven primarily by positive returns from global financial markets and strengthening foreign currencies against...
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Takeover Chatter Surrounding SUPERVALU INC. (SVU)
Monday, October 11, 2010 - 12:42pm | 216Brian Sozzi of Wall Street Strategies notes that there is takeover chatter surrounding SUPERVALU INC. (NYSE: SVU) today. The company has recently initiated some measures to raised operating margins, which would be attractive to a potential buyer. There has been no particular names thrown out as to...
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Peter Kraus Serves As New CEO Of AllianceBernstein
Monday, October 11, 2010 - 10:18am | 320According to Barron's, AllianceBernstein's (NYSE: AB) new CEO Peter Kraus is a stark contrast to the company's previous CEO, Lew Sanders. Michael Shari for Barron's writes "Sanders is a renowned value investor who pioneered the fusion of quantitative with fundamental investment techniques and...
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Morgan Stanley Lowers The Price Target On (BAC, BK, JBHT, JPM)
Monday, October 11, 2010 - 9:56am | 91Morgan Stanley has lowered its Price Target on: Bank of America (NYSE: BAC) to $24 from $25; OW Bank of New York Mellon (NYSE: BK) to $33 from $35; OW JB Hunt Transport (NASDAQ: JBHT) to $39 from $41; OW J.P. Morgan Chase (NYSE: JPM) to $39 from $41; OW BAC is trading at $13.18 BK is trading at $...
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Benzinga's Top Upgrades (EMC, BLK, ANF, ACLI)
Monday, October 11, 2010 - 9:30am | 156EMC Corporation (NYSE: EMC) was upgraded by Deutsche Bank from “hold” to "buy." EMC's shares closed at $19.87 on Friday. Shares of EMC Corporation have gained 13.74% year-to-date. Deutsche Bank upgraded BlackRock Inc (NYSE: BLK) from "hold” to "buy.” BLK's shares closed at $174.50 on Friday....
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Deutsche Bank Upgrades BLK To Buy
Monday, October 11, 2010 - 7:23am | 41Analysts at Deutsche Bank upgrade BlackRock Inc (NYSE: BLK) from "hold" to "buy." BLK's shares gained 2.08% to close at $174.50 on Friday. More Analyst Ratings here
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Hold Rating Maintained For WDR
Friday, October 8, 2010 - 10:16am | 112Waddell & Reed Financial, Inc. (NYSE: WDR) is remaining a Hold Rating by Citi Analysts based on uncertainty around flows, heavy U.S retail skew, and potential optimistic margin leverage into 2012. In a research report Citi writes, "We are lowering our 3Q10 and 2010 EPS estimates by $0.04 from $...
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TROW Downgraded To Hold
Friday, October 8, 2010 - 10:03am | 194T. Rowe Price Group, Inc. (NASDAQ: TROW) is being downgraded from Buy to Hold by Citi Analysts based on expectations that mixed news around flows, tempered margin upside, but likely continued strong buyback/capital management. In a research report Citi writes, "Downgrading to Hold and lowering 12-...