BofA analyst Craig Siegenthaler lowered the firm’s price target on Franklin Resources (BEN) to $21 from $22 and keeps an Underperform rating on the shares. The firm reduced targets in the asset managers group as part of a Q1 preview. Macro indicators suggest a “challenging” first half of 2026, the analyst tells investors in a research note. BofA believes no companies in the group are positioned for strong Q1 results.
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