Goldman Sachs Maintains Sell Rating for Franklin Resources: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Sell rating for Franklin Resources (NYSE:BEN) and increased its price target from $21.50 to $24.50. Franklin Resources' shares are currently trading at $28.84, indicating a potential 15.03% decline if the price target is met.

August 04, 2023 | 9:48 am
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Goldman Sachs maintains its Sell rating for Franklin Resources, indicating a potential negative impact on the stock. The raised price target still suggests a 15.03% decline from the current share price.
Analyst ratings often influence investor sentiment and can impact stock prices. In this case, Goldman Sachs has maintained a Sell rating for Franklin Resources, which suggests they believe the stock's price will decrease. The raised price target, while higher, still indicates a significant potential decline from the current share price. This could lead to selling pressure on the stock, driving its price down in the short term.
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IMPORTANCE 80
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