Navigating 4 Analyst Ratings For Franklin Resources
Portfolio Pulse from Benzinga Insights
Franklin Resources (NYSE:BEN) received mixed analyst ratings in the latest quarter, with a shift towards more bearish perspectives. The average 12-month price target was adjusted to $26.19, down from $27.31, reflecting a 4.1% decline. Analysts from Evercore ISI Group, BMO Capital, Morgan Stanley, and Goldman Sachs adjusted their ratings and price targets, indicating varying expectations for BEN's performance. Franklin Resources, with $1.335 trillion in managed assets, shows below-average market capitalization and revenue growth compared to industry peers, alongside challenges in profitability and asset utilization.
April 30, 2024 | 3:00 pm
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Franklin Resources received mixed analyst ratings, with a downward adjustment in the average 12-month price target to $26.19. The company's financial performance shows challenges in revenue growth, profitability, and asset utilization.
The mixed analyst ratings, combined with a downward revision in price targets and reported challenges in financial performance, suggest a bearish outlook for BEN in the short term. The detailed analysis of revenue growth, profitability, and asset utilization metrics indicates underlying issues that could impact investor sentiment and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100