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Enter Symbol:
 
Franklin Resources, Inc. (BEN) [hlAlert]

Rating:
Hold BEN
up 40.96 %

Franklin Resources, Inc. (BEN) downgraded to Hold by Argus

Posted on: Wednesday,  Jun 24, 2009  8:25 AM ET by Argus

Argus rated Hold Franklin Resources, Inc. (NYSE: BEN) on 06/24/2009. Previously Argus rated Buy Franklin Resources, Inc. (NYSE: BEN) on 01/30/2009.,
when the stock price was $16.27. Since then, Franklin Resources, Inc. has gained 40.96% as of 06/24/2009's recent price of $22.93.
If you would have followed the previous Argus's recommendation on BEN, you would have gained 40.96% of your investment in 145 days.

Franklin Resources, Inc. (Franklin) is an investment management company. The Company is a holding company that, together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, a global investment management organization offering investment choices under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. In its primary business and operating segment, investment management and related services, it provides services to investment funds and institutional, high net-worth and separately managed accounts (collectively, its sponsored investment products) in the United States and internationally. In its secondary business and operating segment, banking/finance, it provides clients with select retail banking, private banking and consumer lending services through its bank subsidiaries.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/24/2009 8:25 AM Hold
None
22.93
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  40.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/30/2009 8:25 AM Buy
None
16.27 21.45

(*) Stock Price at the time of the recommendation.
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