Showing posts with label Franklin Resources. Show all posts
Showing posts with label Franklin Resources. Show all posts

Friday, October 26, 2012

Agnico (AEM) (SMS) (BEN) (CLF) (LUN) (NS) Ratings Adjustments


Agnico-Eagle Mines Limited (AEM), Sims Metal Management Ltd (SMS), Franklin Resources, Inc. (BEN), Cliffs Natural Resources Inc (CLF), Lundin Mining Co. (LUN) and NuStar Energy L.P. (NS) had ratings on them adjusted by analysts.

DA Davidson upgraded Sims Metal Management Ltd (SMS) ) from a "Neutral" rating to a "Buy" rating.

Mackie downgraded Agnico-Eagle Mines Limited (AEM) from a "Buy" rating to a "Hold" rating.

Morgan Stanley (MS) downgraded Franklin Resources, Inc. (BEN) to an "Equal Weight" rating. They have a price target of $146.00 on the company.

Dahlman Rose downgraded Cliffs Natural Resources Inc. (CLF) from a "Buy" rating to a "Hold" rating.

Scotia Capital downgraded Lundin Mining Co. (LUN) from an "Outperform" rating to a "Sector Perform" rating. They have a price target of $7.00 on the company.

Credit Suisse downgraded NuStar Energy L.P. (NS) from an "Outperform" rating to an "Underperform" rating. They have a price target of $44.00 on the company.

Wednesday, June 1, 2011

Ratings on (AER) (AMAG) (APC) (BEN) (BIG) Upgraded

Aercap Holdings N.V. (NYSE: AER), AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG), Anadarko Petroleum (NYSE: APC), Franklin Resources, Inc. (NYSE: BEN) and Big Lots, Inc. (NYSE: BIG) were upgraded by analysts.

JPMorgan Chase & Co. (NYSE:JPM) upgraded Aercap Holdings N.V. (AER) from a “neutral” rating to an “overweight” rating.

Robert W. Baird upgraded AMAG Pharmaceuticals, Inc. (AMAG) from a “neutral” rating to an “outperform” rating. They have a price target of $22.00 on the company, up from $19.00.

Wells Fargo & Co. (NYSE:WFC) upgraded Anadarko Petroleum (APC) from a “market perform” rating to an “outperform” rating.

Bank of America (NYSE:BAC) upgraded Franklin Resources, Inc. (BEN) from a “neutral” rating to a “buy” rating. They have a price target of $156.00 on the company.

ThinkEquity analysts upgraded shares of Big Lots, Inc. (NYSE: BIG) from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the company.

Thursday, December 9, 2010

Franklin Resources (NYSE:BEN) to Expand Equities Position

With bonds under pressure lately, Franklin Resources (NYSE:BEN) has put themselves into a position of being ready to migrate into equities in a bigger way.

FBR said, "We continue to view Franklin as one of the better-positioned asset managers in an uncertain environment given its strong balance sheet, international distribution, and solid fixed-income platform. Strong organic client asset growth should continue, primarily driven by international equity and fixed-income products, and the company's robust cash position provides management with flexibility to pursue accretive M&A transactions, buybacks, and/or dividends."

FBR Capital reiterates an 'Outperform' on Franklin Resources, which was trading at $116.39, down $2.53, or 2.12 percent, as of 12:20 PM EST. FBR has a price target of $130 on the company.