Morgan Stanley Maintains Underweight on Franklin Resources, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Underweight rating on Franklin Resources (NYSE:BEN) and lowered the price target from $24 to $23.
October 06, 2023 | 2:47 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Franklin Resources and lowered the price target from $24 to $23.
The lowered price target by Morgan Stanley indicates a bearish outlook for Franklin Resources. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100