Barclays Maintains Underweight on Franklin Resources, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish has maintained an Underweight rating on Franklin Resources (NYSE:BEN) and lowered the price target from $20 to $19.
October 14, 2024 | 2:18 pm
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NEGATIVE IMPACT
Barclays has maintained an Underweight rating on Franklin Resources and reduced the price target from $20 to $19, indicating a bearish outlook.
The Underweight rating suggests that Barclays expects Franklin Resources to underperform relative to the market. The lowered price target from $20 to $19 further indicates a negative outlook, which could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100