Sterne Agee reported on Thursday that it has lowered its rating on investment management company, Franklin Resources, Inc. (BEN).
The firm has downgraded BEN to “Neutral” based on a valuation call. Analysts have given the company a $170 price target. This price target suggests a 10% upside from the stock’s current price of $152.40.
Franklin Resources shares were down 99 cents, or -0.64% during Thursday morning trading. The stock has increased 25% in the past year.
The Bottom Line
Shares of Franklin Resources, Inc. (BEN) have a 0.76% yield, based on Thursday morning’s price of $152.40.
Franklin Resources, Inc. (BEN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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