Morgan Stanley Maintains Underweight on Franklin Resources, Lowers Price Target to $22
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 $23 to $22.
November 02, 2023 | 5:12 pm
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Morgan Stanley has maintained an 'Underweight' rating on Franklin Resources and lowered the price target, which could negatively impact the stock's performance.
The 'Underweight' rating maintained by Morgan Stanley indicates a negative outlook for Franklin Resources. The lowering of the price target from $23 to $22 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price.
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IMPORTANCE 80
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