Morgan Stanley lowered the firm’s price target on Franklin Resources (BEN) to $18 from $19 and keeps an Underweight rating on the shares. The firm reduced Q4 earnings estimates by 11% and 2025 estimates by 26% to reflect lower assets under management and management fees.
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Read More on BEN:
- Franklin Resources price target lowered to $19 from $21 at Barclays
- Franklin Resources price target lowered to $18 from $19 at BofA
- Franklin Resources reports preliminary AUM $1.58T at December 31
- Franklin Resources price target raised to $21 from $19 at Deutsche Bank
- Franklin Resources upgraded to Neutral from Sell at Goldman Sachs