February 04, 2013 at 09:55 AM EST
Franklin Resources Upgraded at KBW (BEN)

Keefe, Bruyette & Woods reported on Monday that they have increased their rating on financial services company, Franklin Resources, Inc.(BEN).

The firm has upgraded BEN from “Market Perform” to “Outperform,” and has given the company a $160 price target. This price target suggests a 12.5% increase from the stock’s current price of $139.99.

Analysts have upgraded the stock based on a valuation call.

Franklin Resources shares were mostly flat during Monday morning trading. The stock has increased 20% in the past year.

The Bottom Line
Shares of Franklin Resources, Inc.(BEN) have a 0.83% yield, based on Monday morning’s price of $139.99.

Franklin Resources, Inc.(BEN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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