Evercore ISI Group Maintains Underperform on Franklin Resources, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Underperform' rating on Franklin Resources and lowered its price target from $20 to $19.
October 04, 2024 | 1:00 pm
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Evercore ISI Group has maintained an 'Underperform' rating on Franklin Resources and reduced the price target from $20 to $19, indicating a bearish outlook.
The 'Underperform' rating suggests that the analyst expects Franklin Resources to perform worse than the market. The lowered price target from $20 to $19 further indicates a negative outlook, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100