Why These 5 Stocks Are Moving on Tuesday

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In this article we take a look at five stocks that moved on Tuesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Moving on Tuesday.

5. Franklin Resources, Inc. (NYSE:BEN) rose 7.2% after the company reported preliminary fourth quarter adjusted EPS of $1.26 versus the consensus of $0.86. Franklin Resources, Inc. (NYSE:BEN) also reported preliminary revenue of $2.18 billion versus the average estimate of $2.02 billion. After the report, Robert Lee of Keefe Bruyette upgraded the stock to ‘Outperform’ from ‘Market Perform’ and set a $45 price target, up from the previous $35. Ken Griffin’s Citadel Investment Group was long 1,080,401 shares of Franklin Resources, Inc. (NYSE:BEN) at the end of June.

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