Franklin Resources (BEN) continues to see sharp
market movements with mixed reactions from analysts. The asset management company has witnessed
record assets of $1.61T with an equity portfolio surge to $656B in June. Several investment firms and analysts have jumped into action, adjusting their price targets on Franklin Resources stock.
JP Morgan lifted the price target to $2 while
Wells Fargo raised the target to $26.00.
Morgan Stanley also raised the price target by 36%, due to better-than-expected fund flows. However, despite witnessing a 52-week high, there are concerns around the underperformance of the stock in the financial sector. The promising performance of Franklin Resources has attracted several wealth management firms, including
Twelve Points Wealth Management and
Revisor Wealth Management, to increase their holdings. Yet, skepticism still exists with
Goldman Sachs upgrading Franklin Resources Stock to Buy as the company battled market headwinds. Looking ahead, Franklin Resources plans to announce its third-quarter results on August 1, 2025.
Franklin Resources BEN News Analytics from Tue, 12 Nov 2024 08:00:00 GMT to Fri, 11 Jul 2025 15:07:56 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor -1
