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Franklin Resources (BEN) Gets a Hold Rating from Jefferies


Jefferies analyst Daniel Fannon reiterated a Hold rating on Franklin Resources (BEN) yesterday and set a price target of $32. The company’s shares closed yesterday at $34.27.

According to TipRanks.com, Fannon is a top 100 analyst with an average return of 13.9% and a 72.0% success rate. Fannon covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, WisdomTree Investments, and Gain Capital Holdings.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Franklin Resources with a $29.25 average price target.

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The company has a one-year high of $42.29 and a one-year low of $28.12. Currently, Franklin Resources has an average volume of 3.95M.

Based on the recent corporate insider activity of 26 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.