Evercore ISI Group Maintains Underperform on Franklin Resources, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Motemaden maintains an Underperform rating on Franklin Resources (NYSE:BEN) and lowers the price target from $29 to $26.
April 30, 2024 | 2:21 pm
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Evercore ISI Group maintains an Underperform rating on Franklin Resources and lowers the price target from $29 to $26.
The reduction in price target by Evercore ISI Group suggests a bearish outlook on Franklin Resources, likely due to concerns about the company's future performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100