Franklin Resources, Inc. (BEN) downgraded to Neutral with price target $104 by UBS
UBS rated Neutral Franklin Resources, Inc. (NYSE: BEN) on 01/12/2012. Previously UBS rated Buy Franklin Resources, Inc. (NYSE: BEN) on 05/06/2010.,
when the stock price was $110.15. Since then, Franklin Resources, Inc. has lost 12.27% as of 01/12/2012's recent price of $96.64. If you would have followed the previous UBS's recommendation on BEN, you would have lost 12.26% of your investment in 616 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.
is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers.
In Switzerland, UBS
is the market leader in retail and commercial banking.
With headquarters in Zurich and Basel, Switzerland, UBS
operates in over 50 countries and from all major international centers.
employs more than 80,000 people.