Goldman Sachs Maintains Sell on Franklin Resources, Lowers Price Target to $21.25
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Blostein has maintained a 'Sell' rating on Franklin Resources (NYSE:BEN) and lowered the price target from $23.75 to $21.25.
September 30, 2024 | 12:34 pm
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Goldman Sachs has maintained a 'Sell' rating on Franklin Resources and reduced the price target to $21.25, indicating a bearish outlook.
The 'Sell' rating and reduced price target from a major financial institution like Goldman Sachs suggest a negative outlook for Franklin Resources. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100