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 25, 2023 | 12:29 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley has reiterated its 'Underweight' rating on Franklin Resources, indicating a negative outlook for the stock.
The 'Underweight' rating from Morgan Stanley suggests that they expect Franklin Resources' stock to underperform compared to other stocks in the market. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100