KBW Slashes Price Targets for Several Asset Managers (BLK, BEN, TROW)

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Analysts at Keefe, Bruyette and Woods on Tuesday significantly cut their price targets for several major asset managers.

The firm made the following changes:

  • BlackRock, Inc. ( BLK ) - Rating boosted to "Outperform" from "Market Perform," but price target slashed $230 to $190. That new target would represent a 25% upside to BLK's Monday closing price of $152.14.
  • Franklin Resources, Inc. ( BEN ) - Maintains "Outperform" rating, but cuts target from $133 to $116. That new target represents a 29% upside to BEN's Monday closing price of $89.97.
  • T. Rowe Price Group, Inc. ( TROW ) - "Market Perform" rating maintained, but price target lowered from $63 to $55. That new target would represent a 17% upside to TROW's Monday closing price of $46.99.

The Bottom Line
Shares of BLK have a dividend yield of 2.63%, based on last night's closing stock price of $152.14.
Shares of BEN have a dividend yield of .98%, based on last night's closing stock price of $89.97.
Shares of TROW have a dividend yield of 2.30%, based on last night's closing stock price of $46.99.

None of the dividend stocks mentioned in this article currently have a high enough rating to qualify for our "recommended" list.

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



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: BEN , BLK , TROW

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