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Franklin Resources price target raised to $28 from $27 at TD Cowen

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TD Cowen analyst Bill Katz raised the firm’s price target on Franklin Resources (BEN) to $28 from $27 and keeps a Buy rating on the shares. The firm raised its estimates as they see building momentum in the long-term flow inflection; with WAMCO-related attrition stabilizing well ahead of their baseline model.

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