UPDATE: Morgan Stanley Reiterates on Franklin Resources as Global Fixed Income Drives January Outflows
February 11, 2014 at 10:09 AM EST
In a report published Tuesday, Morgan Stanley analyst Matthew Kelley reiterated an Equal-Weight rating on Franklin Resources (NYSE: BEN ), but removed the $65.00 price target. In the report, Morgan Stanley noted, “We estimate roughly -$3B of net long-term outflows for BEN in January, trending well below our full quarter