Franklin Resources (BEN) Misses Q1 EPS by 1c
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Higher Tax Rates Offset Franklin Resources' (BEN) 1Q Earnings - Cuts Price Target to $34
February 4, 2016 9:37 AM ESTUBS maintained a Neutral rating on Franklin Resources (NYSE: BEN), and cut the price target to $34.00 (from $41.00), following the company's 1Q earnings report. Franklin reported EPS of $0.74, a penny below consensus of $0.75. Operating results were slightly better than estimated, but were offset by a marginally higher tax rate and higher net income attributable to noncontrolling... More
Piper Jaffray Sees Revenue Declines Outpacing Franklin Resources' (BEN) Expense Reductions in 2017 - Remains Neutral
February 4, 2016 8:29 AM ESTPiper Jaffray remains Neutral on Franklin Resources (NYSE: BEN), and cut the price target to $40.00 (from $43.00), following the company's 1Q16. Piper sees continued pressure on organic growth, based on BEN's positioning of large franchises and margin compression. Guidance for fiscal '16... More
