Wells Fargo Maintains Equal-Weight on Franklin Resources, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Brown has maintained an Equal-Weight rating on Franklin Resources (NYSE:BEN) but has lowered the price target from $20 to $19.
October 09, 2024 | 3:30 pm
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Wells Fargo has maintained its Equal-Weight rating on Franklin Resources but reduced the price target from $20 to $19, indicating a slightly less optimistic outlook.
The reduction in the price target from $20 to $19 by Wells Fargo suggests a slightly less optimistic view on Franklin Resources' short-term performance. This could lead to a minor negative impact on the stock price as investors adjust their expectations.
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