Wells Fargo Upgrades Franklin Resources to Equal-Weight, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea has upgraded Franklin Resources (NYSE:BEN) from Underweight to Equal-Weight and increased the price target from $24 to $30.
January 08, 2024 | 11:31 am
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POSITIVE IMPACT
Franklin Resources has been upgraded by Wells Fargo from Underweight to Equal-Weight with a raised price target from $24 to $30.
Upgrades by analysts can lead to increased investor confidence and can result in a positive short term price movement. The increase in price target suggests a more favorable outlook on the stock, which may attract investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100