UBS Maintains Neutral on Franklin Resources, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken has maintained a Neutral rating on Franklin Resources (NYSE:BEN) and increased the price target from $26 to $30.
January 10, 2024 | 1:25 pm
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UBS has maintained a Neutral rating on Franklin Resources but raised the price target from $26 to $30, indicating a positive outlook on the stock's value.
The increase in price target by UBS suggests an improved valuation of Franklin Resources, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals that would justify a more bullish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100