JPMorgan analyst Ken Worthington upgraded Franklin Resources and T. Rowe Price and cut ratings on Eaton Vance and Federated Investors, Reuters reports.

Worthington upped his rating on Franklin to "overweight," pointing to the large international business the firm is poised to gain from a weak dollar. He upgraded T. Rowe to "neutral," citing improved performance.

Meanwhile, he downgraded Federated and Eaton Vance both by a notch to "underweight," noting the high fixed income concentration at Federated and the performance at some Eaton Vance funds. 

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