Goldman Sachs Maintains Sell on Franklin Resources, Raises Price Target to $26.75
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Blostein maintains a Sell rating on Franklin Resources (NYSE:BEN) and raises the price target from $26.25 to $26.75.

March 12, 2024 | 2:30 pm
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Goldman Sachs maintains a Sell rating on Franklin Resources but raises the price target slightly from $26.25 to $26.75.
The maintenance of a Sell rating by a major analyst firm like Goldman Sachs generally indicates a bearish outlook on the stock. However, the increase in the price target suggests a slightly less negative view than before, possibly due to some positive developments within the company or its market. This mixed signal could lead to short-term volatility in the stock price as investors digest the implications.
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IMPORTANCE 75
RELEVANCE 100