Initiated Outperform X

BEN Franklin Resources

BMO Capital Markets

$26

Upgrades Neutral Buy X

BEN Franklin Resources

Goldman

$29

Upgrades Hold Buy X

BEN Franklin Resources

TD Cowen

$27

Upgrades Sell Neutral X

BEN Franklin Resources

Goldman

$21 $22

Initiated Equal Weight X

BEN Franklin Resources

Wells Fargo

$20

Initiated Underweight X

BEN Franklin Resources

Barclays

$20

Upgrades Underweight Eq Weight X

BEN Franklin Resources

Wells Fargo

$24 $30

Initiated Market Perform X

BEN Franklin Resources

TD Cowen

$32

Resumed Market Perform X

BEN Franklin Resources

BMO Capital Markets

$20 $24

Initiated Underweight X

BEN Franklin Resources

Wells Fargo

$26

Initiated Neutral X

BEN Franklin Resources

Credit Suisse

$21

Downgrades Neutral Underperform X

BEN Franklin Resources

BofA Securities

$28 $25

Resumed Sell X

BEN Franklin Resources

Goldman

$23

Downgrades Mkt Perform Underperform X

BEN Franklin Resources

Keefe Bruyette

Downgrades Buy Neutral X

BEN Franklin Resources

Citigroup

$44.50 $28

Downgrades Outperform Mkt Perform X

BEN Franklin Resources

Keefe Bruyette

$30

Downgrades Outperform Mkt Perform X

BEN Franklin Resources

BMO Capital Markets

$38

Resumed Neutral X

BEN Franklin Resources

BofA Securities

$38

Upgrades Mkt Perform Outperform X

BEN Franklin Resources

Keefe Bruyette

$35 $45

Upgrades Mkt Perform Outperform X

BEN Franklin Resources

BMO Capital Markets

$22 $36

Downgrades Neutral Sell X

BEN Franklin Resources

Goldman

$24

Upgrades Sell Neutral X

BEN Franklin Resources

Citigroup

$28 $35

Downgrades Neutral Sell X

BEN Franklin Resources

Citigroup

Downgrades Neutral Underperform X

BEN Franklin Resources

BofA/Merrill

Downgrades In-line Underperform X

BEN Franklin Resources

Evercore ISI

Downgrades Neutral Underweight X

BEN Franklin Resources

JP Morgan

Downgrades Buy Neutral X

BEN Franklin Resources

BofA/Merrill

BEN  Franklin Resources, Inc.

Franklin Resources, Inc. is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world. The Company offers its investment products and services under the Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2 and LibertyShares brand names. Its products include investment funds and institutional, high net-worth and separately managed accounts (collectively, sponsored investment products (SIPs)). It offers various types of SIPs, such as the United States funds, cross-border funds, local/regional funds, and other managed accounts, alternative investment products and trusts. Its investment funds include the United States-registered funds, non-United States-registered funds and unregistered funds.