Franklin Resources (BEN -3.7%) is lower today after JPMorgan cut the shares to underweight,...

|About: Franklin Resources Inc. (BEN)|By:, SA News Editor

Franklin Resources (BEN -3.7%) is lower today after JPMorgan cut the shares to underweight, saying fund performance and returns have shown signs of material weakening. Franklin's flagship fund takes significant currency risk, the firm notes, causing it to significantly underperform its global fixed income fund peers.