Скачать или смотреть Citigroup Hikes PT & '11-'12 Estimates for Franklin Resources; Shares Up (BEN)

Citigroup Inc. lifted its price target for Franklin Resources, Inc. (NYSE:BEN) on Tuesday from $135.00 to $138.00, while maintaining a Buy rating. The firm's 2011 EPS estimate was also hiked, from $8.03 to $8.20, as was its 2012 EPS estimate, which rose from $9.18 to $9.39. Company shares are trading 2.87% higher at $116.17.

Franklin Resources had sales growth of 0.2% during the last fiscal year; it has reported $6.0 billion in sales over the past 12 months and is expected to report $7.6 billion in sales in the next fiscal year.

On January 05, 2011, the firm was downgraded to Market Perform from Outperform at FBR Capital. There is a potential upside for the company of 14.4% based on a current price of $116.34, and an average consensus analyst price target of $133.12.