07/12/2013

Barrons: Susquehanna Financial likes BEN

Franklin Resources (BEN), a recent addition to our Virtual Put Selling Portfolio, got upgraded today.

BEN logoSusquehanna Financial raised its rating from neutral to buy.

Its new price target is $168. BEN closed the week at $142.80, up $2.87 per share today.     

From Barrons...            

Franklin Resources Boosted By Bernanke

Recent Fed comments should prove supportive for the asset manager's stock, says Susquehanna Financial Group.

Franklin Resources (NYSE: BEN) By Susquehanna Financial Group ($139.93, July 12, 2013)

We are upgrading Franklin Resources to Positive from Neutral and raising our price target to $168 from $145 on the premise that recent comments from the Federal Reserve will provide support to international and emerging market stocks and bonds.

See details on our put writing history here.

 

Jul 12, 2013 12:00:00 AM | Options, Uncategorized, Value Investing

The comments to this entry are closed.

NEXT POST
Fail and Fail Well In this latest issue of the Market Shadows Newsletter, we discuss how prewired biases affect our investing decisions, why focusing on failure can help us improve our returns, gold mining stocks, money printing and inflation. We update our virtual portfolios. Read: Market Shadows Newsletter 7-9-13, Fail and Fail Well Sorry for the multiple postings. I'm again experiencing unexplained problems with certain posts, currently this one.
PREVIOUS POST
Don ’t Feed the Bears Don’t Feed the Bears By Paul Price That’s the motto of 2013’s bull market so far. Traders who were bearish and heavily in cash last fall, ahead of the Fiscal Cliff deadline, have had few chances to get into stocks on pullbacks. The week ended July 12 was no exception. Decent gains on Monday and Tuesday were followed by a flattish Wednesday. Anyone praying for a major sell-off had their hopes dashed when the DJIA & NASDAQ surged on Thursday to new all-time records. Gains have been almost non-stop in 2013. The late-April pullback was shallow. The May through June...

Ilene

I'm editor at Phil's Stock World, and editor for Stock World Weekly. My background is in the biological sciences, and law. After a brief career in the legal field, I changed directions and am now working as an editor, and very much enjoying my experiences in the editing world.

ThemeResearch
Jarsch
Michael Panzner
bloomingcactus
Sam

Search

Become a Fan

My Other Accounts

Recent Comments