Barclays Initiates Coverage On Franklin Resources with Underweight Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Barclays has initiated coverage on Franklin Resources with an Underweight rating and set a price target of $20.
August 27, 2024 | 12:16 pm
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Barclays has initiated coverage on Franklin Resources with an Underweight rating and a price target of $20, suggesting potential downside.
The Underweight rating and a price target of $20 from Barclays suggest that the analyst expects the stock to underperform relative to the market. This could lead to a negative short-term impact on the stock price as investors may react to the bearish outlook.
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