Morgan Stanley analyst Michael Cyprys maintained a Sell rating on Franklin Resources (BEN) today and set a price target of $28.00. The company’s shares closed last Monday at $26.72, close to its 52-week low of $25.57.
According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 3.0% and a 52.2% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Apollo Global Management LLC, and Victory Capital Holdings Inc.
Franklin Resources has an analyst consensus of Moderate Sell, with a price target consensus of $28.63, which is a 6.9% upside from current levels. In a report released yesterday, BMO Capital also initiated coverage with a Sell rating on the stock with a $16.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $35.82 and a one-year low of $25.57. Currently, Franklin Resources has an average volume of 3.21M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
