Wells Fargo Initiates Coverage On Franklin Resources with Equal-Weight Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Franklin Resources with an Equal-Weight rating and set a price target of $20.
September 12, 2024 | 1:46 pm
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Wells Fargo has initiated coverage on Franklin Resources with an Equal-Weight rating and a price target of $20, indicating a neutral stance on the stock.
The Equal-Weight rating suggests that Wells Fargo sees Franklin Resources performing in line with the market. The $20 price target provides a specific valuation expectation, which is crucial for investors. This neutral stance may not lead to significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100