Facebook (NASDAQ:FB): Wells Fargo is seeing increased marketer engagement after tracking 125 top companies’ interactions on the site, and believes that increased content creation by marketers on Facebook will lead to higher spending on the company’s ads. The firm keeps an Outperform rating on Facebook.
Brunswick (NYSE:BC): Wells Fargo recommends buying shares of Brunswick prior to its Q2 results, as the firm expects Brunswick to benefit from strong June U.S. sales, and expects investors to build positions in the stock ahead of the company’s November analyst meeting. The firm keeps an Outperform rating on the stock.
Franklin Resources (NYSE:BEN): Stifel sees the sell-off of shares as being overdone, in light of the mark to market impact on its assets under management. The firm notes that the company’s Global Fixed Income portfolio did not suffer significant flow reversals during a somewhat similar situation in fall 2011, and keeps a Buy rating on the shares.
Landstar System (NASDAQ:LSTR): Wells Fargo has brought Landstar’s rating to Market Perform from Outperform, citing increased competition and pricing pressure in truck brokerage. The firm also lowered its price target for shares to $52-$55 from $58-$60.