Credit Suisse analyst Craig Siegenthaler maintained a Sell rating on Franklin Resources (BEN) yesterday and set a price target of $23. The company’s shares closed yesterday at $30.34.
According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 3.8% and a 56.5% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, Raymond James Financial, and WisdomTree Investments.
Currently, the analyst consensus on Franklin Resources is a Moderate Sell with an average price target of $27.91, a -8.0% downside from current levels. In a report issued on January 8, Evercore ISI also downgraded the stock to Sell with a $28 price target.
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The company has a one-year high of $42.29 and a one-year low of $27.34. Currently, Franklin Resources has an average volume of 4.15M.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.
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Franklin Resources, Inc. is a holding company, which engages in the provision of investment management and related services. It offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares, and Edinburgh Partners.
