Morgan Stanley Maintains Underweight on Franklin Resources, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an 'Underweight' rating on Franklin Resources (NYSE:BEN) and raised the price target from $23 to $24.
August 08, 2023 | 1:57 pm
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Morgan Stanley has maintained an 'Underweight' rating on Franklin Resources, indicating a negative outlook. However, the price target has been raised from $23 to $24.
The 'Underweight' rating suggests that Morgan Stanley expects Franklin Resources' stock to underperform compared to other stocks. However, the increase in the price target indicates a slightly more positive outlook than before. This could lead to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100