Morgan Stanley Reiterates Underweight on Franklin Resources, Maintains $23 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has reiterated his 'Underweight' rating on Franklin Resources (NYSE:BEN), maintaining a price target of $23.
July 12, 2023 | 1:19 pm
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Morgan Stanley has reiterated its 'Underweight' rating on Franklin Resources, maintaining a price target of $23.
The 'Underweight' rating from Morgan Stanley suggests that they expect Franklin Resources' stock to underperform compared to other stocks. This could potentially lead to a decrease in the stock's price in the short term. The maintained price target of $23 also indicates that the analyst does not foresee significant upside potential in the near future.
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IMPORTANCE 80
RELEVANCE 100