Barclays lowered the firm’s price target on Franklin Resources (BEN) to $17 from $22 and keeps an Underweight rating on the shares. The firm updated asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market movements, particularly in March, the analyst tells investors in a research note.
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Read More on BEN:
- Franklin Resources price target lowered to $17.50 from $20 at TD Cowen
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