Citigroup reported on Monday that it has upgraded investment management firm, Franklin Resources, Inc. (BEN) to a “Buy.”
The firm has raised its rating on BEN from “Neutral” to “Buy,” and has given the company a $200 price target. This price target suggests a 19% upside from the stock’s current price of $161.21.
Analysts view the company’s stock as undervalued as its equities business is outperforming and as it maintains its global bond flows.
Franklin Resources shares were mostly flat during premarket trading Monday. The stock is up 28% in the past year.
The Bottom Line
Shares of Franklin Resources, Inc. (BEN) have a 0.72% yield, based on Friday’s closing price of $161.21.
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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