In a report released today, Glenn Schorr from Evercore ISI reiterated a Sell rating on Franklin Resources, with a price target of $23.00. The company’s shares closed yesterday at $23.59.
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According to TipRanks, Schorr is a 5-star analyst with an average return of 10.4% and a 63.57% success rate. Schorr covers the Financial sector, focusing on stocks such as Invesco, Franklin Resources, and T Rowe Price.
In addition to Evercore ISI, Franklin Resources also received a Sell from Morgan Stanley’s Michael Cyprys in a report issued on October 6. However, today, TR | OpenAI – 4o downgraded Franklin Resources (NYSE: BEN) to a Hold.
BEN market cap is currently $12.15B and has a P/E ratio of 44.87.
Read More on BEN:
Disclaimer & DisclosureReport an Issue
- Franklin Resources reports preliminary AUM $1.66T at September 30
- Franklin Resources: Undervalued Growth Potential Amid Strong Fundraising Momentum
- Franklin Resources initiated with an Outperform at BMO Capital
- Franklin Resources price target raised to $22 from $19 at BofA
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