Deutsche Bank lowered the firm’s price target on Franklin Resources to $28 from $30 and keeps a Hold rating on the shares. The company reported a good fiscal Q1 but higher costs and lower fee rate outlook are headwinds, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BEN:
- Franklin Resources Publishes Q1 Earnings Commentary Online
- Franklin Resources reports Q1 EPS 65c, consensus 57c
- Options Volatility and Implied Earnings Moves Today, January 29, 2024
- BEN Upcoming Earnings Report: What to Expect?
- Franklin Resources price target raised to $24 from $22 at Morgan Stanley
