Investment manager Franklin Resources, Inc. (BEN) saw its price target raised by analysts at FBR Capital Markets.FBR Capital said it now sees the company’s shares reaching $90.
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We have avoided shares of BEN since our early June coverage began last year, when the stock was trading at $99.63. The company has a .91% dividend yield, based on last night’s closing stock price of $92.13. The stock has technical support in the $75-$77 price area. If the shares can firm up, we see overhead resistance around the $95-$99 price levels.
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