May 13, 2013 (MarketNewsVideo.com via COMTEX) -- This morning, Citigroup upgraded shares of Franklin Resources (BEN) from neutral to buy citing strong global bond fund inflows. With the upgrade, Citigroup set a new price target of $200. Shares of Franklin Resources were higher on Monday, picking up 1.7% so far.
FBR upgraded shares of Cisco (CSCO) from underperform to market perform as certain business segements are seen gaining momentum going into the second half of the year. In the report, FBR set a $19 price target on shares of Cisco. Shares were modestly higher today, gaining 0.3%.
And Jefferies upgraded shares of Express Scripts (ESRX) from hold to buy as the company should begin to repurchase shares again. In the report, Jefferies increased its price target to $74. Shares of ESRX were higher on the news, gaining 0.9% today.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201305Upgrades2051313&mv=1.
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As of Thursday, 05-09-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated an UPTREND on
06-07-2012 for BEN @ $109.41.
As of Thursday, 05-09-2013 23:59, the latest Comtex SmarTrend Alert,
an automated pattern recognition system, indicated a DOWNTREND on
04-09-2012 for C @ $33.93.
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